Sunday, March 15, 2009

U.S. goes solar in tracks of Europe

March 13, 2009 - Solar cells adorn the roofs of many homes and warehouses across Germany, while the bright, white blades of windmills are a frequent sight in the skies above Spain.

If one day these machines become as common on the plains and rooftops of the United States as they are elsewhere, it may be because the financial technique that gave Europe an early lead in renewable energy is starting to cross the Atlantic.

Put simply, the idea is to pay homeowners and businesses top dollar for producing green energy. In Germany, for example, a homeowner with a rooftop solar system might get paid four times more to produce electricity than the rate paid to a coal-fired power plant. More >>>