Rhone Resch | Industry Perspective on a National Performance Based Incentive
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Rhone Resch | Industry Perspective on a National Performance Based Incentive Presentation Transcript

  • 1. US Solar Energy Industry’s Perspective on a National Performance Based Incentive Rhone Resch Tuesday, June 9, 2009 © 2009 SEIA
  • 2. US PV Market - 2008
    • PV market grew by 71%
    • On-grid PV grew by 81%
    • Off-grid PV grew by 21%
    • Residential +32%
    • Commercial +110%
    • Utility +97%
    • Domestic manufacturing continues to grow
    Tuesday, June 9, 2009 © 2009 SEIA Domestic PV Cell Manufacturing (MW DC ) 2007 2008p Growth Production 271 414 53% Capacity 415 685 65% Source: Greentech Media Research/Prometheus Institute
  • 3. PV Capacity Additions – On vs Off Grid Tuesday, June 9, 2009 © 2009 SEIA Sources: SEIA, IREC, PV News
  • 4. State RPS Solar/DG Carve-Out Impacts
    • State RPS requirements will help ensure annual installations stay strong for in over the next few years.
    • RPS requirements:
      • 2009 increase of 37%
      • 2010 increase of 58%
      • 2011 increase of 245%
    Solar Capacity Additions Necessary to Satisfy Solar and DG Carve-Outs (MW) Source: Lawrence Berkeley National Laboratory Includes PV and CSP State 2009 2010 2011 AZ 3 5 52 CO 1 1 31 DC 0 0 0 DE 0 0 1 MD 3 9 9 MO 0 0 23 NC 0 5 17 NH 0 4 4 NJ 42 58 63 NM 0 0 144 NV 17 2 17 NY 2 2 2 OH 5 8 26 PA 2 23 16 Total 74 117 404
  • 5. 2008 Breakthrough Success
    • Tax Credit Extension - 17 Votes in Congress
      • Filibustered 9 times
    • Bailout Bill – October 3
      • Extended tax credits for 8 years
      • Removed residential cap for PV
      • Repealed utility exemption
      • Provides AMT relief for commercial and residential
    • Additional Solar Legislation Introduced
      • SOLAR Act
      • Feed-in Tariff
      • Solar Reserves
  • 6. Changes in Washington
    • Obama Administration
      • Carol Browner – WH Energy and Climate Coordinator**
      • Dr. Steven Chu – Secretary of Energy
      • Nancy Sutley – Council on Environmental Quality
      • Lisa Jackson – Environmental Protection Agency
      • Van Jones – WH Green Jobs Advisor
      • Cathy Zoi – Assistant Secretary EERE
    • Congress
      • Waxman replaces Dingell Chairman of House Committee on Energy & Commerce
      • Markey Subcommittee on Global Warming
      • Senate – Democrat majority increases, more difficult for Republican filibuster
  • 7. HR 1 American Recovery and Reinvestment Act
    • 19 Provisions to Benefit Solar Companies
      • Improves existing tax credits
        • Refundability
        • Remove subsidized energy financing penalty
      • Improves loan guarantee program
      • Increases government procurement ($25 billion)
      • Creates new manufacturing tax credits
      • State energy program funding ($3.1 billion)
      • Expands CREBS funding ($1.6 billion)
      • Funds school repair and construction ($53.6 billion)
      • Funds water treatment repair and construction ($6 billion)
      • Supports construction of new transmission
      • Increases access to federal lands
      • Increases DOE solar appropriation
      • Improves tax credit for solar water heating
      • Funds worker training
      • Increases profile of solar with top political leaders
  • 8. Feed-in Tariff Policy Discussion
    • Pros
      • Upside potential and good outcomes in Europe
      • Rapid, large market development
      • Encourages broader range of technologies and applications (CSP in Spain, BIPV in Germany and France)
      • Local FiTs provide low-cost implementation option for utility’s compliance with RPS
    • Cons
      • FiTs are difficult to structure, can be a large cost to the government and can lead to market failure
      • National FiT inconsistent with US electricity law
      • Will be a heavy political lift in U.S.
        • Education of Congress
        • Opposition by 4,000 utilities
    Tuesday, June 9, 2009 © 2009 SEIA
  • 9. Feed-in Tariff Policy Discussion
    • How to Pass and FiT in the US
      • FiT not a single policy but a set of policies with many possible combinations
        • Solar Act
          • Net Metering
          • Interconnection
          • Low cost permitting
        • Renewable Energy Bank – Energy Bill
        • Carbon Cap and Trade
          • Performance-based cash incentive
          • Dedicated funding source
    Tuesday, June 9, 2009 © 2009 SEIA