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The pilot program installation cap was limited to an aggregate cap of 25 megawatts (MW) of solar photovoltaics (PV), with a maximum system size cap of 500 kilowatts (kW). The aggregate program cap was to be spread equally over four years, with 6.25 MW of capacity being eligible to receive the incentive each year.
A tax is a price control, while a cap-and-trade system is a quantity control instrument. [54] That is, a tax is a unit price for pollution that is set by authorities, and the market determines the quantity emitted; in cap and trade, authorities determine the amount of pollution, and the market determines the price. [55]
The Standard Offer, also known as SOP or RESOP for short, introduced a number of fixed 20-year feed-in tariffs for hydro, wind, solar (PV) and biomass projects. RESOP tariffs were relatively low, 42 cents/kWh for PV and 11 cents/kWh for other forms of energy. [2] At the time, RESOP was named North America's first true feed-in tariff program. [3]
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Minnesota will also see higher gas prices, albeit lower than California. In 2025, the state will increase its motor fuel tax on diesel, biodiesel, and gasoline from 28.5 cents per gallon to 31.5 ...
The new tariffs would also now be paid over 20 years instead of 25 years (they will remain linked to the Retail Price Index) with a review every three months based on solar PV uptake levels in three bands: domestic (size 0-10 kW), small commercial (10-50 kW) and large commercial (above 50 kW and standalone installations). [19]
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