Archive for Grants and Incentives

Every Four Minutes, Another American Home or Business Goes Solar

Obama_in_Georgetown-200x150This was the quote from the President’s State of the Union address this past week. He then suggested, as he has before, that we divert tax breaks from fossil fuel industries to fund more development of “fuels of the future.” Even Forbes stated that the shift in supports “While that policy makes some sense, it needs to be pegged to commodity prices..” There has been a split in the Republican Congress members from a solid wall against renewables, to one where many of the party are now supporting wind, solar and biomass. Expect the final version of the Agriculture bill to contain substantial support for biomass as an energy source. We do need more research into future solar development. We need to concentrate on supporting increases in conversion efficiency for solar PV.

We need the Federal Government to fund a more automated solar foundry in the Gigawatt class which would demonstrate producing solar panels for less than $0.30 per watt. We need to automate the installation of racking and solar panel mounting for solar plants. We have produced panels with 30% and higher efficiencies, but the cost was prohibitive. Focussing on higher efficiency along with a massive production facility will result in lower panel cost in large scale manufacturing. The windpower from Texas can be sent to TVA region for about four cents per kilowatt-hour according to recent testimony before the TVA resources council. Solar has to aim for that same price.

New Farm Bill Preserves Core Clean Energy Programs

After three years of stops and starts, debate and negotiations, the Congressional Farm Bill Conference Committee has released a compromise bill between the House and the Senate that includes mandatory funding for a downsized Energy Title, including the Rural Energy for America Program (REAP) and Biomass Crop Assistance Program (BCAP).

If passed by Congress, the funding for REAP and BCAP in the compromise would ensure the popular programs will continue to support diverse technologies for renewable energy and energy efficiency initiatives in farm communities across the nation. REAP offers grants and loan guarantees for renewable energy and energy efficiency projects owned by farmers, ranchers, rural small businesses and rural electric co-ops. BCAP provides incentives to jump start sustainable energy crops that also provide conservation benefits.

“While the overall Energy Title funding has been reduced, this compromise provides the certainty for renewed growth in rural energy projects under both REAP and BCAP,” Olsen said. The bill announced late Monday by the Farm Bill Conference Committee includes $881 million for Energy Title programs over ten years.

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Elon Musk’s SolarCity taps the power of the crowd to reduce cost of distributed solar

Elon Musk gets solar. (Simon Dawson/Bloomberg)

Elon Musk’s role as chairman and primary shareholder in SolarCity — a solar energy company run by his cousins – that’s getting a lot of attention these days. SolarCity was already the first to market with bonds backed by the revenue from rooftop solar projects, making it possible for institutional investors to invest in the success of future solar projects. (It’s essentially the same logic that makes it possible for investors to buy mortgage-backed securities, thereby creating a robust housing market). SolarCity’s latest move, announced this week, is the ability for individual investors also to participate in this market. SolarCity is essentially creating a new Web-based platform to enable the crowd to make money off other people installing solar panels. Company to sell bonds backed by rooftop solar panels, plans to offer similar products to individual investors. SolarCity expects to introduce within six months an online system for retail investors to provide debt for SolarCity’s rooftop power plants. The system will provide one of the few opportunities for individuals to back renewable-energy projects, which generate steady revenue from selling electricity. Chief Executive Officer Lyndon Rive said “We expect billions of dollars of investment through this platform”.

More information may be found at: http://www.washingtonpost.com/blogs/innovations/wp/2014/01/16/elon-musks-five-insights-into-solar-energy/?tid=hpModule_1728cf4a-8a79-11e2-98d9-3012c1cd8d1e and http://www.bloomberg.com/news/2014-01-15/solarcity-plans-to-offer-asset-backed-debt-to-retail-investors.html

Clean Energy Policy: Outlook for 2014

Pew Charitable Trust has a division on Clean Energy led by Phyllis Catano. At the end of this past year Pew gave their clean energy report in the form of a webinar including published presentations by three top tier organizations represented by representatives including Phyllis Cuttino, director, Pew clean energy program, Pat Bousliman of Elmendorf Ryan, Ethan Zindler of Bloomberg New Energy Finance.

You can find the presentations at: http://www.pewenvironment.org/uploadedFiles/PEG/
Publications/Other_Resource/CEBN-End-of-Year-Webinar.pdf

Our website had 62,670 hits in December 2013

For solar businesses, if you want exposure then join us as we are growing our readership which doubled this past year.

Solar Photovoltaic Installation at Chilhowee Park

This is a request for proposal due January 10th. For details go to: http://www.cityofknoxville.org/purchasing/

Will Rural America Continue REAPing Renewable Energy Rewards?

Barn_Caldwell_Idaho
Based on a tally of 2013 REAP announcements, the total awards for the Southeastern states approaches $5 million in grants, leveraging more than $15 million in private dollars. These investments include solar photovoltaic installations, energy efficiency equipment, geothermal, and biomass projects.
Energy efficiency awards were particularly notable this year, with diverse projects including irrigation, lighting, agricultural curing and drying, and diesel engines being replaced with electric motors.

Here’s the state-by-state breakdown of 2013 REAP grant awards for our region (rounded down to the nearest thousand):
FL > $354,000
GA > $1,400,000
NC > $1,417,000
SC > $584,000
TN > $1,224,000

Original article

Obama Commits U.S. Federal Government To 20% Renewable Energy Target By 2020

Obama_in_Georgetown
President Barack Obama has issued a presidential memorandum directing the U.S. federal government to pursue a goal of deriving 20% of its energy from renewable sources by 2020. The document also instructs all federal agencies to take specific steps to better manage building performance, enhance energy efficiency and reduce energy waste.

The missive represents a follow-through on the president’s plan to counter climate change, announced in June. It directs agencies to achieve the renewable energy consumption target through a number of approved actions. The actions, in order of priority, are the following:

Installing agency-funded renewable energy on-site at federal facilities and retain renewable energy certificates;
Contracting for energy that includes the installation of a renewable energy project on-site at a federal facility or off-site and the retention of renewable energy certificates for the term of the contract;
Purchasing electricity and corresponding renewable energy certificates; and
Purchasing renewable energy certificates.
The memorandum sets a number of interim targets for renewable energy usage up to the ultimate 20% by 2020 goal. The first of these is a 10% target for 2015.

More information

Original Presidential Memorandum

Utility Of The Future Or Future Of The Utility?

Today's distributor financial modelimpact of distirbuted solar on utility revenue

Electric power industry’s traditional revenue collection model, which is based on a fixed tariff applied to volumetric consumption, is showing signs of erosion due to customer self-generation at a time of tepid to non-existent demand growth. The challenge of distributed energy resources (DERs) could not have come at a worse time for the industry – just as massive investments are needed to upgrade and modernize an aging infrastructure, it is facing the prospects of a growing number of consumers buying fewer kWhs and paying even less for the privilege of being connected to the grid under prevailing laws. This is especially true for the distributors of TVA power who are prevented by contract from generating electricity. The only alternative for TVA distributors to improve their distribution system is to charge the heck out of their customers. TVA needs to give their distributors some latitude in creating new ways of generating new sources of revenue. That will require some changes in their contract to allow them to have their own distributed solar programs. Are there any other alternatives?

Where will the funds for distribution system come from

original article

USDA Now Accepting Applications for Solar Grants

Eric Wooldridge of Bells Bend Neighborhood Farms was approved for a grant this year.
USDA’s Rural Energy for America Program (REAP) grant for agricultural producers and small rural businesses covers up to 25% of the cost of a solar installation. The local office is now accepting applications!

“We anticipate funding levels under REAP for 2014 to be at or higher than last year, so applications have a stronger chance of receiving awards than previous years,” says Will Dodson, Energy Director at USDA, Rural Development in Tennessee.

The application deadline has not been announced, but it is likely to be early next year.

A farm grant lunch and learn will be held next month in Hopkinsville, KY! Click here for info.

Also, here is a link to the REAP program. We have chosen the Oregon site, because it has all the information, instructions, and forms to apply. Tennessee’s REAP site can be found here.