for a number of years with a set price agreed upon. A constraint of the program is the wattage cap, but there have been enough applicants for this program that it quickly filled the allocated 4 MW allocation in its first year.
Rate payers are willing to pay the FIT for renewable energy supplied by utility producers in their area. An increasing number of FIT programs are cropping up all over the nation, and beyond, such as Canada and Germany, which now takes the world-lead in installed PV systems.