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Feed-in tariffs would help expand Michigan solar industry, execs say

Source: Crain’s Detroit Business

At a time when Michigan is looking to diversify its economy and add jobs, people in the state’s solar industry say they’re ready to grow their businesses — if given the right incentives. And the largest North American example of the incentives they’re talking about has already taken hold in Ontario. In May 2009, Ontario passed the Green Energy and Green Economy Act. The feed-in tariffs at the heart of the act allow those who set up solar or wind systems to earn a larger investment return quicker. This is accomplished through guaranteed higher rates for each kilowatt hour of energy produced. The program also requires that a percentage of the solar or wind equipment used be made locally. Feed-in tariffs are intended to push development of a renewable energy industry. The boost to the consumer market draws in manufacturers, and that in turn draws in suppliers, proponents argue.

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