California remains one of the leading economies for renewable energy ventures, but the state is quickly being outpaced by forerunners such as Germany. Entrepreneurs looking to launch a green energy LLC in California should consider an initiative that is currently in effect in Germany and likely contributing to the country's spearheading of the renewable energy revolution.
The program is called a feed-in tariff, wherein the German government mandates that utilities pay consumers for use of their private solar energy installations. Many of California's green tech advocates are calling for the state to adopt a similar measure.
They claim that not only will such an incentive lead to the development of new clean tech ventures, but it will also competitively assert California as the leader in clean tech innovation.
"Why are we getting outpaced when countries with scant solar resources are pledging their national economies on this?" said Palm Desert Mayor Jim Ferguson, speaking to the Los Angeles Times. "Businesses are looking at this as a potential gold rush." Palm Desert, California receives twice as many hours of annual sunlight than all of Germany.
Although green tech is still a young industry, it has incredible potential. Many find hope in the fact that over the last few years, the industry has begun to truly realize its true financial prospects. There is money to be made, and Californians want to lead it.
Tags : ca, incorporation news, small business management
Posted: Oct 12th, 2010