Solar Works for Minnesota  An Affordable, Job-Creating, 10% Clean Local Solar Energy Standard                             ...
What 10% Solar Means•Creating over 8,000 good jobs in the state’s solar industry, including 1,300 manufacturing jobs•Getti...
Results: Solar Energy for Minnesota6,000                                                                 10%           meg...
Results: Solar Jobs for Minnesota7,000                                                                   10%           ins...
How it Works• Solar requirement: Like the Renewable  Energy Standard (RES), utilities must  buy sufficient solar to meet ta...
How it’s Financed                                        Sample Solar Price for Commercial Solar (100-300 kW)             ...
What’s the Benefit?                       What’s the Cost?• 6,600 jobs (over 1,300 in              • Up to $37 million per ...
How Strong is Support for Solar Power?                               Support for using more solar power  Democrats        ...
How Strong is Support for Solar Power?                    Willingness to pay at least $2 per month for more solar power  D...
Comparison: Who’s Setting the Solar Pace?10%                                                                              ...
Comparison: Who’s Using Buy-All, Sell-All?                                          Buy All Programs                      ...
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Solar Works for Minnesota

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A presentation by ILSR Senior Researcher John Farrell explaining the benefits of proposed legislation for a 10% Minnesota solar energy standard with financing for local, distributed solar.

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Solar Works for Minnesota

  1. 1. Solar Works for Minnesota An Affordable, Job-Creating, 10% Clean Local Solar Energy Standard Presentation by John FarrellVersion 3 ILSR’s Director of Democratic EnergyFebruary 14, 2013 jfarrell@ilsr.org
  2. 2. What 10% Solar Means•Creating over 8,000 good jobs in the state’s solar industry, including 1,300 manufacturing jobs•Getting over 2% of our electricity from solar by 2022 and 10% by 2030•Putting solar on as many as 50,000 Minnesota rooftops, from residential to small businesses to big businesses•Millions of dollars in energy savings and billions of dollars in economic activity
  3. 3. Results: Solar Energy for Minnesota6,000 10% megawatts4,5003,000 2.5% of electricity1,500 0 2014 2016 2018 2020 2022 2024 2026 2028 2030
  4. 4. Results: Solar Jobs for Minnesota7,000 10% installation Installation 6,500 operations manufacturing megawatts5,2503,500 2.5%1,750 Operations 1,300 Manufacturing 1,300 0 2014 2016 2018 2020 2022 2024 2026 2028 2030
  5. 5. How it Works• Solar requirement: Like the Renewable Energy Standard (RES), utilities must buy sufficient solar to meet target.• Broad participation: Utility must meet Sample Distribution of Solar Projects target by purchasing solar from projects of various sizes. 400 Residential 2.5% 250 Small Commercial 12.5% 100 Med. Commercial 25% 56 Large Commercial 35% 20 Utility Scale # of projects 25% % of capacity 0 100 0.1 200 0.2 300 0.3 400 0.4
  6. 6. How it’s Financed Sample Solar Price for Commercial Solar (100-300 kW) 20¢• Utility calculates a buy-all “value of solar” price they will pay for solar electricity based on its value Incentive sunsets to their grid system. 15¢• A production-based incentive layers on top of the value of solar 10¢ price to make solar projects financeable. 5¢• The incentive is calculated based on the solar array size. 0¢ 2014 2017 2020 2023 2026 2029• The value of solar price and incentive are paid on a 20-year, Declining incentive standard contract. Utility value of solar
  7. 7. What’s the Benefit? What’s the Cost?• 6,600 jobs (over 1,300 in • Up to $37 million per year in solar manufacturing) incentives (~$1 per month per residential electricity customer)• 50,000 rooftops with local solar power• Millions of dollars in electricity savings for Minnesota homes and businesses• $7 billion in economic activity • Every $1 in incentives buys $10 in economic output
  8. 8. How Strong is Support for Solar Power? Support for using more solar power Democrats 99%Independents 83% Republicans 76% 0% 25% 50% 75% 100% Support Undecided Oppose Poll conducted January 2012 by Minnesota Environmental Partnership and RE AMP
  9. 9. How Strong is Support for Solar Power? Willingness to pay at least $2 per month for more solar power Democrats 97%Independents 86% Republicans 89% 0% 25% 50% 75% 100% $2 per month or more Less/Don’t Know Poll conducted January 2012 by Minnesota Environmental Partnership and RE AMP
  10. 10. Comparison: Who’s Setting the Solar Pace?10% 10% Minnesota NM other state standards8%6% AZ4% NM DE NJ CO2% MD NV IL0% 2014 2016 2018 2020 2022 2024 2026 2028 2030
  11. 11. Comparison: Who’s Using Buy-All, Sell-All? Buy All Programs Statewide 1 or more local/ *distributed generation regional programs
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