LADWP's Feed-in Tariff (FiT) program, a key local solar initiative for the Department and the largest municipal FiT program in the nation, was recommended for expansion today (9/24) by the LADWP Board of Commissioners, pending City Council approval. The proposal includes 300 megawatts (MW) of additional capacity and program changes aimed to boost participation, and is a critical part of the City of Los Angeles' 2019 Sustainable pLAn, also known as L.A.'s Green New Deal, to achieve 100% renewable energy by 2045. The Board authorized 50 MW of the 300 MW to be implemented in the next year.
"The FiT program has been enormously well-received, as it provides dependable guidelines and set pricing to give customers and businesses the confidence to invest in renewable energy. This expansion will allow even bigger projects incorporating new, innovative technology to participate throughout the locations we serve," said Martin L. Adams, LADWP General Manager and Chief Engineer.
Part of LADWP's Clean Grid L.A. initiative, the FiT program allows customers, solar companies and other third parties to develop solar or other eligible renewable energy projects within LADWP's service territory and sell the power to the Department at a set price for distribution on the city's power grid. The program creates revenue for LADWP's commercial customers while also contributing to the green economy by supporting sustainable businesses and local jobs. By rapidly increasing local renewable energy generation, FiT will help meet aggressive renewable energy targets while also decreasing the need for costly transmission projects to bring in power from outside the Los Angeles basin.
