Probably. Feed-in tarriffs supply money to those who produce renewable energy, creating greater incentive for private companies and individuals to produce green energy. By using money as an incentive people will be more likely to want to invest in renewable energy projects, knowing that they will be paid to produce the energy, which will help reduce production costs.
They do – in places they exist. By making the renewable energy projects bring higher profits (and pay off faster), they make investing in them much more attractive. Spain’s recent growth in photovoltaic production is attributed, in part, to the feed-in tariffs on the produced electricity; good results were achieved in Germany and Denmark as well. Similar programs exist in many other locations and countries, including some states in US.
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