Feed-in Tariffs for Renewable Energy Production

Feed-in tariffs (FITs) establish payment rates that utilities pay in-state renewable energy producers.

FITs will rapidly accelerate the development of large and small-scale renewable energy projects.

With FITs in place, Kentucky’s renewable energy project developers are assured in advance that utility companies will purchase their power at set rates and for a set amount of time. They help utilities meet their renewable energy production goals and create more stability in the energy supply.

The KY Public Service Commission will establish FITs rates at amounts equal to the cost of renewable electricity production plus a reasonable rate of return. As energy production costs decrease, these rates will similarly decline.

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