NOW is the best time to join the solar revolution!

Transcription

1 NOW is the best time to join the solar revolution!

2 Your Hosts! Doug Stingle, Midwest Renewable Energy Association Tyler Huebner, RENEW Wisconsin

3 MREA Overview RE Education and Demonstration 1800 Midwest members 27 th Annual Energy Fair (June 17-19) Net Zero Campus Midwest Grow Solar Partnership The Solar Endowment Accredited Certificate Training C4 Program Source: wwwmidwestreneworg, wwwmidwestsolartrainingorg wwwgrowsolarorg

4 Solar is an American Success Story

5 Solar Installations to date Now over 20 GW of solar PV installed in US Enough to power over 32 million homes 32% of new electric generating capacity in 2014 came from solar Over 645,000 homes and businesses have gone solar 2014 PV installations will exceeded 2013 by 34% Source: SEIA Solar Market Insight Report

6 Solar Jobs 174,000 Jobs in solar 86% growth in last 4 years Projected solar job growth for % compared to 11% national 1900 jobs in WI The Solar Foundation

7 Commercial Growth For the second straight year, US businesses, non-profits and government organizations added more than 38% from the previous year for a total or nearly 4GW of PV solar installations

8 Home Values Solar home sold 20% faster and for 17% more that the equivalent nonsolar homes across several subdivisions construction by different builders Source: National Renewable Energy Lab (NREL)

9 Solar Production and Pricing Source: SEIA Solar Markets Insight Report

10 The Future of Solar

11 Fossil Fuel Costs

12 US Residential Electricity Prices Source: EIA

13 Solar Installation Drivers Renewable Energy Portfolio Standards PACE Financing Group Buy programs 30% Federal tax credit EPA Clean Power Plan

14 Shared Solar Source: Vote Solar

15 Midwest Renewable Energy Association wwwmidwestreneworg Doug Stingle Development Director, MREA x104

16 About RENEW Wisconsin RENEW Wisconsin is a non-profit organization formed in 1991 Main goals: advance clean renewable energy in Wisconsin: wind, solar, bioenergy, hydropower Supported by memberships from individuals and businesses, as well as foundations, events, and consulting

17 The Case for Going Solar As Soon As You Leave This Building!

18 Cost: As Low As Its Ever Been

19 Federal Investment Tax Credit Expiring 30% Tax Credit for residential installations Going to 0% after % Tax Credit for business installations Going to 10% after 2016 Accelerated Depreciation will still be available for businesses (worth about another 30% of value) More on Extending the ITC later

20 Focus on Energy Rebates Residential rebates up to $2400 for solar PV systems Commercial rebates up to approximately 20% of cost A 2014 decision extended rebates for 2015 & 2016 Another decision by the PSC will be needed in 2016 to extend rebates to 2017 & 2018

21 New Focus on Energy Loan Program Low-interest loan from Focus on Energy for ½ of the cost (~05%) Standard interest rate loan from financial institution (5-7%) Result: loan for your solar PV system at about ½ the typical interest rate (3-4%)

22 Residential Solar PV Economics Assume $350 per kw installed cost Assume 5 kw solar PV system, creates about 6,000 kwh of electricity per year System Price: $17,500 Focus on Energy Rebate: $2,400 Federal Tax Credit: $4,530 Net system price: $10,570 Simple payback : 147 years* * 6000 kwh of electricity, assume 12 cents per kwh electric rate, $720 in energy production per year Faster payback if you are on Time of Use rates with higher prices for peak times

23 Community Solar Near You Xcel Energy Eau Claire Coop Clark Coop Taylor Coop Dunn Coop And more

24 Personal Advocacy: Solar Tax Credit

25 Personal Advocacy: Solar Tax Credit Started in 2006 & renewed in 2008 by Pres Bush Key driver in solar energy s 1600% growth (76% annual) Oil, natural gas, and coal receive $20-$50 billion annually in federal subsidies Solar tax credit only ~$6 billion in 2014

26 Personal Advocacy: Solar Tax Credit: Go to: wwwweareteamsolarcom/

27 Personal Advocacy: Xcel Electric Bill Xcel Wisconsin seeks to more than double fixed charge on bills, from $8 to $18 / month, and reduce electric rates ~6% Low users see bill hikes Reduces incentive to conserve and install solar

28 Personal Advocacy: Xcel Electric Bill

29 Personal Advocacy: Xcel Electric Bill Xcel Wisconsin seeks to more than double fixed charge on bills, from $8 to $18 / month, and reduce electric rates ~6% Low users see bill hikes Reduces incentive to conserve and install solar Make your voice heard by Oct 28! Go to renewwisconsinorg, and click on Take Action

30 Personal Advocacy: Xcel Electric Bill

31 Let s Recap: Now is the Time to Join the Solar Energy Revolution! Join the American Success Story! Lowest prices ever seen 30% Federal Tax Credit Focus on Energy Rebate Community Solar if you can t put it on your own property Get involved locally and nationally to support solar policies

32 Good Luck Going Solar! Thank You! Q&A