What exactly is the new feed in tariff pv mounting program?

What exactly is the new feed in tariff pv mounting program?

A feed in tariff program is a way for governments to kick off the third industrial revolution which is migrating from fossil fuels to renewable energy sources.

Usually it consists of providing long term contracts to industry and the population by buying power from them that is generated by solar, wind, bio-gas or water generation. The contract prices will be calculated based on the investment made and a good return on investment, enough to encourage the movement.

In our grid based centralized power system, we will move from the big power plants to a distributed power solar clip system. For the small systems less than 10Kw this is not a problem, but for larger systems some local economic tests must be made to make sure that it is worthwhile in a particular area for the power companies to invest in changing the wires and transformers to accept the new power.