Launched by the Clinton Global Initiative America (CGI America) and Demeter Power Group, “the Feed-Out Program will bring together independent power producers and financiers to enable the lowest-cost, fixed-price offering for renewable energy,” said Michael Wallander, Demeter Power Group founder and president. “But unlike other similar ‘feed-in-tariff’ programs, the energy will be used on the customer-side of the meter.”
The program is currently funding solar-powered carports with electric vehicle charging stations at a net-negative cost to customers and will initially make financing available to commercial properties located in Northern California communities participating in the California FIRST property assessed clean energy (PACE) Program offered through the California Statewide Community Development Authority. Read more.