Reply #10: That was the idea in Germany [View All]

[krispos42]

According to Thom Hartmann, the utilities had to pay nine times the rate they charged for electricity to the homeowner for a set number of years. The solar panels in Germany were placed there with government-backed loans that banks were required to make, and the term on the loans was long... like 20 years. And all the generating power created by the solar panels replaced a bunch of proposed conventional plants, the construction savings of which were why the utilities had to pay 9 times the going rate to the homeowner.