Solar Energy Technologies Program Solar Energy Market Trends and Opportunities for Local Action...

Solar Energy Technologies Program

Solar Energy Market Trends and Opportunities for Local Action

Prepared for the National League of Cities Energy CommitteeJune 9, 2010

Hannah MullerSolar America Cities Program LeadU.S. Department of Energy

U.S. Department of Energy Solar Energy Technologies Program

Agenda

• U.S. & Global Installations, International Market Outlook & Events

• 1603 Grants, 48C Awards, Loan Guarantee Program, Legislative Update

• Solar America Cities Best Practices

• Solar Instructor Training Network, Open PV Mapping

Market Developments

2

Solar 101

U.S. Policy Update

Opportunities for Local Action

Other Cool Things


Solar 101

3 Categories of Solar Technologies:

1. Photovoltaics (PV)

2. Concentrating Solar Power (CSP)

3. Solar Water Heating and Air Heating and Cooling (SWHaAHC)


Solar MYTHBUSTERS

• Your city doesn’t get enough sun

• FACT: Yes it does

• The technology is still being developed

• FACT: Yes, but it’s good enough to use right now

• It’s just way too expensive

• FACT: Declining PV prices, innovative financing structures, and state/federal incentives are making it more affordable, even competitive in some areas


International Market:2008-‘12 PV Installations

5

• Significant growth in most major markets but Germany is expected to remain the leader

Sources: Barclays (4/20/10), Bloomberg NEF (4/19/10), J.P. Morgan (3/9/10), Simmons & Co. (4/20/10), Thomas Weisel Partners (4/8/10), UBS (4/15/10)

•The lower bound of the 2009 World and Germany data reflects projections from before the Bundesnetzagentur published its official report on 4/9/10 that 3.8GW had been installed in Germany during 2009.•The average of the Bloomberg NEF Conservative and Optimistic scenarios was used.•Simmons & Co.’s market projections did not include the year 2012.

Canada, Czech Republic, India,

South Korea, et. al.


Market Developments:U.S. & Global Annual PV Installations

6

• 22% rise in global and 38% increase in U.S. installations for 2008-2009 with significant growth expected for both in 2009-2010

Sources: •2002-2008: NREL, “2008 Solar Technologies Market Report” (1/20/10), •2009: US Installations, SEIA 2009 Year In Review (4/15/10), Global, Bloomberg NEF (5/13/10), •2010E: Barclays (4/20/10), Bloomberg NEF (4/19/10), J.P. Morgan (3/9/10), Simmons & Co. (4/20/10), Thomas Weisel Partners (4/8/10), UBS (4/15/10)

•The lower bound of the 2010 Global projections reflects expectations from before the Bundesnetzagentur published its official report on 4/9/10 that 3.8GW had been installed in Germany during 2009.•The average of Bloomberg NEF’s Conservative and Optimistic scenarios was utilized for 2009 and 2010

Compound Annual Growth Rate (CAGR) U.S. Global

2002-2009 40% 55%2002-2006 34% 43%2006-2009 49% 72%2009-2010 85% 35%


Market Developments:U.S. Utility Scale Solar Installations

7

*Based upon information from the developers of Sunset Reservoir and Searchlight Solar I, both facilities will utilize SunTech modules. The precise type of crystalline silicon technology type could not be confirmed.

Sources: Bloomberg NEF, EIA, FERC Filings, Project Developers, News/ Press Releases, SEC Filings, SEIA, SEPA


U.S. Annual PV Installations: Top 5 States

8

• Within the U.S., solar adoption has been driven by high $/Watt incentives and high retail electricity prices, as well as the solar resource.

Annual and cumulative grid-connected PV in top state markets, 2004–2008(Sherwood 2009)


Reaching Grid Parity Targets will require advances in all PV system components

Preliminary Data – Do Not Reference


Current Status of PV in the U.S.:Typical Residential Installation Details

10

• 4kW system size

• 12-19% efficient modules 12-25 Panels

• Avg. c-Si module cost = $1.9/W Retail Markup = 20%

• Avg. c-Si module price = $2.3/W

• System price of $6.6/W $26,400

• 20-30 year lifetime warranties (inverters 5-15 years)

Initial Installed Price

Federal Tax Credit

State Rebate ($1.5/W)

Final System Price

$26,400

$7,900

$6,000

$12,500


Current Status of PV in the U.S.: PV Breakeven Cost ($/W) in 2008

11

• Percentages represent portions of the load in which breakeven conditions may exist under our assumptions.

• 19% of residential electricity sales $8/W or more.

• 45% of sales $6/W or more.

Assumptions:• Home-equity type loan (tax deductible interest)• 28% marginal federal tax rate• 20% down payment• Real interest rate and discount rate of 5%• 30 year loan term and evaluation period• 30% federal investment tax credit (ITC)• Apply existing state, local, and utility incentives• Inverter replacement at 10 and 20 years• South facing, 25tilt PV system with a 77% derate

factor and 0.5% annual degradation in output• 0.5% annual electricity price escalation (real)


PV Breakeven Cost ($/W) in 2015

12

• Percentages represent portions of the load in which breakeven conditions may exist under our assumptions.

• 47% of residential electricity sales $5/W or more.



Assumptions:• Home-equity type loan (tax deductible interest)• 28% marginal federal tax rate• 20% down payment• Real interest rate and discount rate of 5%• 30 year loan term and evaluation period• 30% federal investment tax credit (ITC)• Apply existing state, local, and utility incentives• Inverter replacement at 10 and 20 years• South facing, 25tilt PV system with a 77% derate

factor and 0.5% annual degradation in output• 0.5% annual electricity price escalation (real)


Policy Update:1603 Grants in Lieu of the ITC

13

•Other Includes: Biomass (closed & open-loop), CHP, Fuel Cell, Hydropower, Landfill, Solar Thermal (heating)

Sources: NREL (3/1/10), US Treasury (3/1/10 & 4/1/10)

Average Award ($Mill)Tech Q3'09 Q4'09 Q1'10Wind $41.28 $36.37 $18.89Solar

Electricity $0.52 $0.54 $0.22

Other $3.60 $1.35 $1.48Geo $20.51 $18.18

Solar Awards ($Mill)Solar Electricity

TechTotal

AwardedNumber

of AwardsCSP $36.39 3PV $108.23 353

U.S. Department of Energy Solar Energy Technologies Program 14

Policy Update: “American Renewable Energy Jobs Act”

• Introduced by Sen. Schumer (4 cosponsors) as S. 3069 on 3/3/10• Referred to the Senate Banking, Housing, and Urban Affairs Committee• The bill would make the American Recovery and Reinvestment Act’s “Buy America” provisions

applicable to projects applying to the Sec. 1603 Grant Program

• In a letter to Secretaries Geithner and Chu on 3/2/10 four of the five sponsors stated:• “We believe Treasury has the discretion to consider domestic job preservation and creation when distributing

section 1603 grants for wind and other clean-energy projects…If Treasury chooses not to exercise its discretion, we respectfully request that you defer distribution of section 1603 grants until after our legislation becomes law.”

• Secretary Chu’s Response: • “’There are unintended consequences by just coming out and saying, Buy American,’ Dr. Chu said. ‘I do not

want a moratorium. We have 9-10% unemployment. You do not want to stop these projects if 2/3 [of the hardware] is American and 1/3 is foreign…congressional demands that the Energy Department not fund projects that use foreign-made technology could force a halt to projects that promise to create U.S. jobs.’”

Sources: NYT (3/3/10), Washington Post (3/4/10), WSJ (3/5/10) Note, Emphasis in the quotes was added


Policy Update: Advanced Energy Manufacturing Tax Credit, Sec. 48C

15

• ARRA established a 30% manufacturing tax credit for renewable energy and GHG-reduction technologies, capped at a total of $2.3 Billion of tax credits

• In January 2010, 183 projects were selected for the $2.3 Billion of credits

• The solar projects are in at least 20 US states (excluding Solar Heating and Cooling Technologies).


Policy Update: Advanced Energy Manufacturing Tax Credit, Sec. 48C

16

• Given the strong interest in the 48C Manufacturing Tax Credits, President Obama proposed an additional $5.0 Billion be appropriated in the FY’11 budget request

• Bills were introduced in November, 2009 in the Senate and the House that would make solar manufacturing equipment eligible for the Section 48 investment tax credit (ITC)

• A 30% credit, uncapped and available through 2016• The credit could be taken as a cash grant from the Treasury as long as the 1603 grant program is in place • This legislation is the Solar Manufacturing Jobs Creation Act in the Senate (S. 2755), sponsored by Senators

Menendez (D-NJ), Stabenow (D-MI) and Bennet (D-CO), and H.R. 4085 in the House, sponsored by Rep. Mike Thompson (D-CA)

• Security in Energy and Manufacturing (SEAM) Act (H.R. 5041 & S. 3224) would appropriate an additional $5 Billion for a new round of 48C credits

• HR. 5041: introduced on 4/15/1010 by Rep. Hare (D-IL) with 76 cosponsors• S. 3324: introduced on 5/6/10 by Sen. Brown (D-OH) with 5 cosponsors

• Both would allow the applicant to receive the award as a grant in-lieu of a tax credit• Each bill would reprioritize several of the program’s selection criteria

• H.R. 5041 would prioritize projects that manufacture qualifying advanced energy products rather than simply assembling them from components

• S. 3324 would emphasize consideration of both a project’s direct job creation as well as its indirect job creation effect elsewhere in the manufacturing supply chain but within the U.S.

Both would allocate an additional $1.5 Billion to applicants that applied under the original program but were not selected in January, 2010

Source: Bloomberg NEF (5/13/10), Treasury 2010 Green Book, page 6


Policy Update: Loan Guarantee Program (LGP)

17

NuclearEnergy Efficiency & Renewable Energy

Amount $4.0 Billion $38.5 Billion $8.5 Billion Est. $40 Billion $36 Billion Est. $5 Billion

AuthorizationEPACT 2005, Title XVII,

Section 1705, added by ARRA

Uses Commercial and novel technologies

Credit Subsidy

$4.0 Billion appropriatedBorrower

Pays

Requested $0.5 Billion for Credit

Subsidy Cost

TermProject construction must be started

by September 30, 2011

Carve-outs / Notes

• No carve-out stipulated by Congress → Sage applied and its conditional loan guarantee was offered under Sec. 1703 ($72 Million). [Solyndra*, BrightSource*, and Beacon* applied under Sec. 1703 but their conditional (and finalized in the case of Solyndra) loan guarantees were offered under Sec. 1705.]

• $10.0 Billion for Energy Efficiency, Renewable Energy, and Advanced Transmission and Distribution Technologies →Red River (conditional offer, $245 Million)• $18.5 Billion for Advanced Nuclear Power Facilities →Vogtle (Georgia Power, conditional offer, $8.33 Billion)• $2.0 Billion for “front end” Nuclear Fuel Cycle facilities• $6.0 Billion for coal-based power generation, Industrial Gasification, and Carbon Capture and Sequestration• $2.0 Billion for Advanced Coal Gasification

• The FY 2009 Omnibus Budget provides an additional $8.5 Billion in loan authority for energy efficiency, renewable energy, and advanced transmission and distribution projects

• No carve-outs were stipulated, but three project categories were listed:1) Renewable energy installations and manufacturing facilities for renewable energy components → BrightSource* (conditional offer, $1.4 Billion) → Beacon* (conditional offer, $43 Million) → Nordic (conditional offer, $16 Million) → First Wind / Kahuku (conditional offer, $117 Million) →Solyndra* (finalized offer, $535 Million)2) Electric power transmission systems3) Advanced biofuel projects

• The FY2010 Budget Request includes $36 Billion in additional loan authority for Nuclear Power

• The FY2011 Budget Request includes $500 Million to cover the subsidy cost of Energy Efficiency & Renewable Energy Projects enabling an estimated $5.0 Billion in eligible loans

Year FY2007 FY2008FY2009

OmnibusFY2009 ARRA

EPACT 2005, Title XVII, Section 1703

New or significantly improved technologies

Borrower pays

Available until used

FY2011 Request

New or significantly improved technologies

EPACT 2005, Title XVII, Section 1703

Available until used


What Role Can Local Governments Play in Accelerating the Solar Market?

Key Barriers under Local Government jurisdiction:

Permitting

Streamline solar permitting, train code officials

Solar Access

Strengthen solar access and solar rights ordinances

Infrastructure Planning and Procurement

Integrate solar energy technologies into facilities and master planning

Interconnection and Net Metering

Work with utility to streamline interconnection and implement favorable net metering rules

Financing

Create financial incentives or financing programs such as PACE and community solar that

decrease upfront cost and/or spread costs over time

Customer Assistance and Assurance

Provide outreach and independent verification to help consumers feel more comfortable with technology

Workforce Development and Training

Support installer and site assessor training programs, and encourage installer certification

U.S. Department of Energy Solar Energy Technologies Program Slide 19

Solar America Cities

Solar America Cities is a U.S. Department of Energy Program to increase the use and integration of solar

energy in communities across the U.S.


25 Solar America Cities Partnerships


SOLAR AMERICA CITIES PARTNERSHIPS:

Sample Successes/Case Studies

Boulder County, CO Making solar affordable: “ClimateSmart Loan Program” property assessed clean energy financing

Madison, WI Educating consumers and facilitating solar purchases through the Prospective Solar Owners Agent

New York, NY Overcoming utility opposition to interconnecting PV on the NYC network grid

Portland, OR Streamlining the solar permitting and inspection process

Tucson, AZ Innovative financing for solar installations via Clean Renewable Energy Bonds (CREBs)


Solar America Cities Special Projects

$10M in Recovery Act funding to support local government innovation and bring successful pilot policies and programs to scale for replication across the nation

Projects will launch in Spring 2010

PROJECT CATEGORY CITY PROJECT TITLE

Affordable Housing

San Diego Affordable Housing Analysis

San Francisco Debt-Financed SHW Retrofits for Affordable Housing

Data Monitoring New York City Smart Solar City Data Acquisition System

Demonstration Projects

Milwaukee SWH Demonstration Projects and Best Practices ManualMinneapolis -Saint Paul Solar for District Heating and Cooling

Emergency Preparedness

Boston Solar Evacuation Route

San Diego Solar Fire Shelters

Financing Madison MadiSUN Community Solar Financing

Milwaukee Property Assessed Clean Energy Financing

New OrleansThird Party Solar Tax Credit Implementation

Sustainable Energy Financing District Implementation

New York City Community Solar Financing

PortlandNeighborhood-Based Volume Solar Purchasing

Residential Solar PPA Model for Utility-Bill Financing

Salt Lake City

Financing Options for Mid-Large Scale Systems

Solar Rebate Program Expansion and Third Party PPA Legal Analysis

San Francisco Commercial Solar PPA Model

San Jose

Property Assessed Solar Financing through Joint Powers Authority

Solar Loans for City Staff

QECBs for Revolving Solar Loan Fund

Seattle Community Solar Financing through Municipal Utility

Tucson Creative Financing for Municipal Solar Installations

PROJECT CATEGORY CITY PROJECT TITLE

Industry Recruitment

Milwaukee Solar Hot Water Business Council

Outreach BerkeleySmart Solar Regional Expansion and Solar Map Enhancements

MadisonTarget Marketing Solar to Business

Solar Business Center

New York City Smart Solar Virtual Community

Portland Solar Now! Regional Outreach Campaign

San FranciscoSan Francisco Sustainable Financing Program Marketing

San JoseGreen Vision Education and Demonstration Center

Santa Rosa Clean Energy Advocate

Tucson Solar One Stop Shop

Permitting & Codes

PortlandNeighborhood-Scale Distributed Energy Systems

San Jose Streamlined Regional Permitting Process

TucsonIntegrating Solar into Green Building Codes and Infrastructure Planning

Schools AustinSolar Curriculum Development and School Demonstration Projects

Milwaukee Solar School Swap

San Francisco Solar Financing for Public Schools

Workforce Development San Jose

Solar Train the Trainer Internship Program

Solar Career Training for At-Risk Youth


• Goal: Develop a world-class community solar program that can be replicated by other cities

• Benefits: Enables a greater portion of the community to invest in local solar energy generation

• Makes solar energy accessible to renters, property owners whose roofs are not suitable for solar due to tree shading, orientation, etc.

• Project components

• Develop a financial and ownership model that addresses all legal, technical and logistical requirements to community solar

• Install the first community solar project in Seattle

• Market the program and enroll participants

• Establish a solar revolving fund that will re-invest revenue generated by the first community solar project into future community solar projects and other city-owned solar energy systems

Slide 23

SOLAR AMERICA CITY SPECIAL PROJECT EXAMPLE:

Seattle Community Solar Financing


Slide 24 Slide 24

www.solaramericacities.energy.gov

Resources on the Solar America Cities Website

• Read about the program• Get the latest news and events• Search the publications database• See what cities are working on

Recent publications and tools:

• Report: Interconnecting PV to Network Grids

• Report: Review of Web-based Solar Mapping Tools

• Report: The Impact of Utility Rate Structures on PV System Value – a San Diego Case Study

Upcoming publications and tools:

• Economic Benefits of PACE Programs

• Community Solar How-to Manual

• Report: Solar-Ready Buildings: Model Ordinances and Recommendations for Consideration in Green Rating Systems

• Report: Assessing Solar Economic Development Opportunities in your City

• Report: Streamlining Solar Permitting through Standardized Structural Design

• PV / SHW Rooftop Optimization Tool


Announced in April 2010: New Solar America Cities Outreach Effort

• Goal: Provide information on solar best practices to thousands of local governments across the nation

• Leverages investment in 25 Solar America Cities and distributes lessons learned to other communities

• ICMA and ICLEI-led teams will receive $10M over 5 years to conduct outreach. Teams are developing a combined outreach plan and expect to launch activities in late summer 2010.

• Activities will likely include nationwide dissemination of information through newsletters and media coverage, regional conferences, and in person presentations for targeted local governments


Solar Guide for Local GovernmentsPublished in July 2009

Slide 26

• Organizing and strategizing efforts

• Accelerating demand through policies and incentives

• Updating and enforcing local rules and regulations

• Engaging utilities

• Creating jobs and supporting economic development

• Accelerating demand through outreach and education

• Leading by example with installations on government properties

www.solaramericacities.energy.gov/resources

Solar Powering Your Community: A Guide for Local Governments

Provides policy and program descriptions, implementation tips and options, and real life examples in areas of:


Solar Instructor Training Network$27M over 5 years

Slide 27

REGIONS:

Northeast

Northern Mid-Atlantic

Southern Mid-Atlantic

Southeast

Midwest

South-Central

Rocky Mountain

California/Hawaii

Providers

Partnership

Hudson Valley Community College

Hudson Valley Community College

Kennebec Valley Community College

Kennebec Valley Community College

Pennsylvania State UniversityPennsylvania

State University

North Carolina Solar Center

at NCSU

North Carolina Solar Center

at NCSU

Florida Solar Energy Center at UCF

Florida Solar Energy Center at UCF

Midwest Renewable Energy AssociationMidwest Renewable Energy Association

The Energy Institute at HCC - Northeast

The Energy Institute at HCC - Northeast

Salt Lake Community College; Solar Energy International;

Utah Solar Energy Association

California Community Colleges Board of Governors, California Energy

Commission, California Centers for Sustainable Energy, the Labor

Management Cooperation Committee

Activities:

• Sponsor instructors at “train the trainer” workshops and equip labs

• Create and modify curricula and align them to highest standards

• Create replicable training models for local instructors

• Use innovative approaches such as online tools and mobile labs

• Leverage resources and share best practices

Activities:

• Sponsor instructors at “train the trainer” workshops and equip labs

• Create and modify curricula and align them to highest standards

• Create replicable training models for local instructors

• Use innovative approaches such as online tools and mobile labs

• Leverage resources and share best practices

Supporting the training for up to 1400 instructors, resulting in a projected capacity to train up to 170,000 students Supporting the training for up to 1400 instructors, resulting in a projected capacity to train up to 170,000 students


The Open PV Project – PV Market Mapper

Slide 28

State and County RankingsRankings allow for easy comparison with other regions

State and County RankingsRankings allow for easy comparison with other regions

Charts & GraphsHelp to visually understand the current PV market, and allow users to explore deeper

Charts & GraphsHelp to visually understand the current PV market, and allow users to explore deeper

Market TrendsData in the Open PV database can be used to view how the PV market changes

Market TrendsData in the Open PV database can be used to view how the PV market changes

Spatial NavigationClick and zoom from National to Street Level views of data

Spatial NavigationClick and zoom from National to Street Level views of data


Thank You

Hannah MullerSolar ProgramU.S. Department of [email protected]

www.solar.energy.gov

29


APPENDIX


Policy Update: Loan Guarantee Program (LGP)

31

• 8/09: $2 Billion originally appropriated for the Loan Guarantee Program was redirected to fund “Cash for Clunkers” by H.R. 3435

• 12/16/09: House passed “Jobs for Main Street Act” (H.R. 2847) on 12/17/09 which would restore the $2 Billion.

• 2/4/10: Doug Schultz, of the Loan Guarantee Program, stated:1. Department of Energy plans to sign conditional loan guarantees with 10 to 15 additional renewable

energy and energy efficiency projects in the next six months2. He also said that chances are "slim" that $2 Billion that was taken away from the loan guarantee

program to pay for the “Cash for Clunkers” program will be restored, despite its passage in the House 3. However, the DOE expects to receive $500 Million more through the recent FY’11 budget announced

by President Obama to help cover credit subsidies for innovative projects• 2/23/10: BrightSource secures $1.4 Billion Loan Guarantee

•2/23/10: Conditional Loan Guarantee under section 1705•Plans for 3 CSP plants with a cumulative 392 MW

• 1st plant is expected to begin construction in H2’10 with commissioning in 2012, 2nd and 3rd plants are planned for commissioning in mid-2012 to late-2013

3/5/10: Overall the DOE has offered 8 conditional loan guarantees to energy related projects that are intended to significantly reduce GHG emissions (excludes automotive loans)

•These 8 loan guarantees are expected to save or create at least 7,985 jobs, support the creation of 3.13GW of new electrical generating capacity (power plants & manufactured products), and reduce CO2 emissions by 30.6 Million Tons/year

Sources: Baird (1/7/10 & 3/16/10), Bloomberg NEF (2/23/10), DOE Press Release (2/23/10 & 3/5/10), WSJ (2/4/10)


Policy Update: American Power Act (Kerry-Lieberman Climate Bill)

32

• 5/13/10: EPA Issues final Stationary Source GHG (“tailoring”) rule• Under current law, EPA is required to regulate if GHGs fit the CAA definition of “pollutant” and action would

mitigate harms (see Supreme Court precedent of Massachusetts Vs. EPA, 2007)• Sen. Kerry: “The Obama administration has again reminded Washington that if Congress wont legislate, the

EPA will regulate…Those who have spent years stalling need to understand: killing a Senate bill is no longer success.”

• Sen. Murkowski’s S.J.RES. 26 (i.e. Congressional Overruling of the EPA’s Greenhouse Gas Endangerment Finding) which was introduced on 1/21/10 is continuing to circulate 40 Senators are cosponsoring this resolution• Sen. Rockefeller introduced S. 3072 (4 cosponsors) on 3/4/10 which would suspend EPA’s GHG

regulatory power for 2 years (except for motor vehicles) to give Congress more time to craft its own plan EPA considers Sen. Rockefeller’s Bill to be incrementally preferable to Sen. Murkowski’s Resolution since it does

not question the underlying conclusions/scientific research regarding climate changeSources: Baird (1/28/10, 3/1/10, & 3/3/10), Bloomberg NEF (5/14/10), Clearview (5/12/10), E&E (4/29/10 & 5/13/10), NYT (5/13/10)

• 5/12/10: American Power Act released to public by Senators Kerry & Lieberman • Would utilize a regulated emission credit exchange (i.e. cap-and-trade) with annual limits for most large

emitters (phase-in date and allowance allocation vary by industry)• Outline sent to E.P.A. and E.I.A. on 4/28/10, each agency requires 6-8 weeks to analyze the proposal

• CBO will not begin official analysis until the bill is formally introducedAmerican Power Act (as unveiled 5/12/10) 2013 2020 2030 2050Allowance Floor Price (real 2009 $/MtCO2e) $12 $15 $20 $36

Allowance Ceiling Price (real 2009 $/MtCO2e) $25 $35 $57 $152Emission Reduction Target (Baseline Year: 2005) 95.25% 83% 58% 17%

Annual Floor Inflator: 3%, Annual Ceiling Inflator: 5%



33

Source: Clearview (5/12/10)

• American Power Act provisions relating to solar energy• Allocates $5 Billion for another round of 48C Adv. Energy Manufacturing Tax Credits

• Would allow 5 years to bring an approved project online instead of the current 3 years• Explicitly includes projects intended for nuclear plants which received NRC design approval after 1993

• 2012-2049: Support to the States to finance energy efficiency & renewable energy projects (including solar)

• 2012-2049: Provides funding for Energy Technologies Research & Development • Research must be expected to result in:

1. Reduction of energy imports 2. Reduction of pollution3. Increase of the U.S. economy’s energy efficiency

• The funding could be used to support R&D in most energy efficiency and renewable energy technologies (including Solar) as well as nuclear energy



34

Sources: Clearview (5/12/10), J.P. Morgan (5/10/10)

• Energy provisions not yet included in the American Power Act • National Renewable Electricity Standard (RES)

• Clean Energy Deployment Administration (CEDA/“Green Bank”)

• Expansion/enhancement of the DOE Loan Guarantee Program• Exception is $36 Billion in additional authorization for Nuclear Energy

• Extension of 1603 Program• At a minimum, projects which have not begun construction by 12/31/10 are ineligible for a grant in-lieu

of the ITC

• New Transmission Corridors• Economic and political issues involving transmission corridor siting are seen as contentious for both

parties• Although sufficient transmission capacity is a key issue in renewable energy deployment, this issue is

notably absent from the bill

Solar Energy Technologies Program Solar Energy Market Trends and Opportunities for Local Action...

Documents

Transcript of Solar Energy Technologies Program Solar Energy Market Trends and Opportunities for Local Action...