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Resch - Solar Vision Forum

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Rhone Resch, President & CEO of the Solar Energy Industries Association (SEIA), presented at the GW Solar Institute Symposium on April 19, 2010. For more information visit: …

Rhone Resch, President & CEO of the Solar Energy Industries Association (SEIA), presented at the GW Solar Institute Symposium on April 19, 2010. For more information visit: solar.gwu.edu/Symposium.html

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  • 1. GW Solar Symposium
    Rhone Resch
    President & CEO
    Solar Energy Industries Association
  • 2. Introduction to SEIA
    US National Trade Association for Solar Companies
    • Over 1,100 member companies
    • 3. Represent over 80,000 people employed by solar
    • 4. 14 state and regional chapters
    SEIA’s Mission
    Expand Markets
    Remove Market Barriers
    Strengthen R&D
    Improve Education and Outreach
    Voice of Solar in US
    We Represent the Industry’s Interests in the U.S.
  • 5. Annual Growth of US Solar Energy Capacity Additions
    CAGR 2000-2009
    Electric: 41%*
    Thermal: 5%**
    CAGR 2006-2009
    Electric: 49%
    Thermal: -8%***
    * Electric includes PV and CSP (including off-grid PV)
    ** Thermal includes solar water heating, solar pool heating, space heating and space cooling.
    *** Decline in annual thermal shipments is due to a decline in pool heaters. Solar water heating grew over this period.
    3
  • 6. Grid-Tied PV Capacity Additions
    Grid-tied PV grew by 38% in 2009
    Annual growth from 2000-2009: CAGR = 69%
    Shifting demand in each market segment.
    Notable increase in residential market share in 2009.
    Utility sector* nearly tripled in annual MW from 2008.
    * "Utility sector” refers to all capacity that feeds electricity directly into the distribution grid or the transmission grid, rather than primarily serving on-site use. It includes utility-scale solar power plants, utility-owned distributed systems, and non-utility owned distributed systems located on customer property that connect to the grid on the utility side of the meter.
    4
  • 7. Growth Expected to Continue
  • 8. Average Installed Cost of PV
    In 2009, PV Module prices fell 40 percent.
    Average price per watt in mid-2008 was $3.50-4.00.*
    Average price per watt at the end of 2009 was $1.85-2.25.*
    This is beginning to help bring down the installed cost.
    * Paula Mints, Navigant Consulting, Inc.
    ** Capacity-Weighted Average. Data from OpenPV.nrel.gov downloaded 3/30/10.
    6
  • 9. Global Solar Electric Capacity
    7
    Global solar electric capacity has passed 21 GW.
    Germany has nearly half the cumulative global capacity.
  • 10. International Solar Electric Capacity Rankings
    New Capacity in 2009
    Cumulative Capacity in 2009
    Top 10 countries
    ranked four ways:
    US does well on measures of capacity.
    US is doing less than other countries on a per capita basis.
    Megawatts
    Watts per Capita
    * Country rankings include off-grid estimates for US.
    ** Includes estimates for several other countries; not a global figure.
    8
  • 11. Utility-Scale PV Project Pipeline Shows Massive Potential
    PV is poised to go big.
    Over 6,500 MW of utility-scale projects are now in the works.
    Some of the largest projects in the world will begin construction in the US this year.
    Rooftop installations will remain strong.
    * "Utility-scale” solar power refers to projects that generate wholesale electricity, typically for sale to utilities. These projects can be tens to hundreds of megawatts in size are typically not sited on customer property. Utility-scale solar power plants may be any solar technology – CSP, PV, or CPV.
    9
  • 12. CSP Getting Ready to Take Off
    Dozens of CSP projects totaling over 10,500 MW are now under development.
    The US has more operating CSP capacity than any other country.
    10
  • 13. Solar Heating and Cooling Annual Shipments
    CAGR 2000-2009
    Total: 5%
    Solar Water Heating: 22%
    Solar Pool Heating: 4%
    CAGR 2006-2009
    Total: -8%
    Solar Water Heating: 25%
    Solar Pool Heating: -11%
    * Water heating figures include collectors for combined water heating and space heating applications.
    11
  • 14. Solar On Track
    In 2009:
    Solar installed 481 MW
    Wind installed 10,000 MW
    Wind has a 12-year head start
    30% ITC for solar adopted in 2006
    PTC for wind first adopted in 1994
    When first four years of support are compared, solar is keeping pace.
    12
  • 15. HR 1 American Recovery and Reinvestment Act
    19 Provisions to benefit solar
    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
  • 16. Jobs Bill - April
    Purpose is to grow domestic industries that create jobs
    Kammen et al
    PV Creates 8 time as many jobs as coal
    4-37 Job years/MW
    Navigant
    9-35 Job years/MW – midpoint 23/MW
    190,000 by 2016
    Industry’s ask
    Extension of the Treasury Grant Program
    Restore/refine Loan Guarantee Program
    30% Manufacturing Tax Credit
    Increase residential ITC to 50%
    Clean energy bank
  • 17. New Energy Bill – June/July
    Comprehensive Energy Legislation
    House passed bill in December
    Senate refining legislation
    Solar industry priorities
    Renewable Electricity Standard (25% by 2025)
    DG/Solar carve out
    Transmission legislation
    30-year PPA authority
    Net metering and Interconnection standards
    Clean energy bank
    Carbon cap and trade program (83% decrease by 2050)
  • 18. Grid-Parity: 30% ITC + Bonus Depreciation
    100% debt financed*
    8% APR
    20 years
    30% ITC
    Bonus Depreciation
    Commercial systems only
    Las Vegas
    Los Angeles
    Honolulu
    Miami
    New York
    Philadelphia
    Chicago
    Boston
    *4% Discount rate, bonus depreciation assumed to be worth an additional 20% of capital costs
  • 19. Grid-Parity in US Cities: 30% ITC + Bonus + Green Bank
    100% debt financed
    - 8% 4% APR
    - 20 years
    30% ITC
    Bonus Depreciation
    Commercial systems only
    Does not include state incentives!
    Las Vegas
    X
    Los Angeles
    Honolulu
    Miami
    New York
    Philadelphia
    Chicago
    Boston
    *4% Discount rate, bonus depreciation assumed to be worth an additional 20% of capital costs
  • 20. Emerging Issues for our Industry
    Environmental Health and Safety
    Recycling
    Fire safety
    Manufacturing waste
    Trade
    Customs Tariffs
    Antidumping Countervailing Duty
    Labor
    Buy American Act
    U.S. Feed-in-Tariff
    Public Awareness Campaign
    Sunday, 2010-04-18
    © 2009 SEIA
    18