Transcript Federal and State Incentives for Community Wind

Money for Nothing and Heat for Free:
U.S. Incentives for Solar Water Heating
InterSolar North America
July 13, 2011
Ty Gorman
North Carolina Solar Center
Database of State Incentives for Renewables and Efficiency (DSIRE)
www.dsireusa.org
Things to Cover…
• Using DSIRE for solar
hot water heating
incentives
• The federal and state
incentive landscape
• Utility and private
incentives and
innovations
DSIRE and Solar Hot Water Heat…
The DSIRE Search Tool is your best friend: http://www.dsireusa.org/searchby/index.cfm?ee=1&RE=1
DSIRE Solar Portal
•
Interactive Policy Map: Provides quick access to
state-specific solar information
•
Solar Policy Guide: Offers descriptions of various
state and local policy types for promoting solar;
status and trends of individual policies; specific
policy examples; and links to additional resources
•
Summary Maps: Provide geographical overview
of incentives across the country
•
Solar Policy Comparison Tables: Highlight
individual elements of state rebate and tax credit
programs
•
myDSIRE For-Fee Services: Custom DSIRE data
feeds and updates beyond the scope of free
public resources.
The Federal Incentive Landscape
• Business Energy Investment Tax Credit
(ITC) Federal
• MACRS
• Residential Renewable Energy Tax Credit Federal
• U.S. Department of Treasury - Renewable Energy
Grants Federal
– Residential Energy Conservation Subsidy Exclusion
(Personal)
State Incentives and Examples
Around 43 states offer direct incentives for solar
thermal systems. These incentives, which typically
cover 20% to 50% of project costs, have played a
significant role in encouraging solar installations.
Incentive Types
• State/Utility Direct Incentives: Production, Grants, Loans
• Tax Incentives: Credits, Sales, Property
• RPS: SWH in Solar Carve Out (REC Sales)
Financial Incentives for Solar Water Heating
NH
www.dsireusa.org / April 2011
$
U
$U
U
U
U
$
U
$
U
$
MA
$
U
U
U
D
U
VT
$
U
RI
U
$
CT
U
$
NJ
U
DC
U
U
D
MD
$
$
$
D
$
$
U.S. Virgin Islands
U
$
U
Puerto Rico
D$
U
$
U
41 states +
Direct Cash Incentive
D Tax Deduction
Tax Credit
$
Direct Cash Incentive
and Tax Credit
U
Sales Tax Incentive
Property Tax Incentive
$
Utility Direct Cash Incentive(s)
Local option to provide sales tax
incentive
Local option to provide property tax
incentive
DC, PR & USVI
offer financial
incentives for
solar water
heating
Direct Cash Incentives for Solar Projects
U
www.dsireusa.org / April 2011
U
U
U
NH
VT
MA U
U
U
U
U
U
U
U
U
U
U
U
U
RI
U
U
U
U
U
U
U
DC
U
U
U
U
U
U
U
U
U.S. Virgin Islands
Puerto Rico
U
State Direct Cash Incentives for PV
State Direct Cash Incentives for Solar Water Heating
State Direct Cash Incentives for both PV and Solar Water Heating
U Utility Direct Cash Incentive(s) for PV and/or Solar Water Heating
28 states
+DC, PR & USVI
offer direct cash
incentives for
solar projects
State Rebates for Solar Projects
www.dsireusa.org / April 2011
DC
21 states +
State PV Rebates
State Solar Water Heating Rebates
State PV and Solar Water Heating Rebates
U.S. Virgin Islands
Puerto Rico
DC, PR & USVI
offer rebates for
solar projects
State Loan Programs for Solar Projects
www.dsireusa.org / April 2011
U
U
U
U
U
U
U
U
U
DC
U
U
U
U
U
U
U
Loan Programs for Solar Projects
U
Utility Incentive(s)
U.S. Virgin Islands
31 states +
USVI
offer loans for
solar projects
State Tax Credits for Solar Projects
www.dsireusa.org / April 2011
DC
Incentives for Residential Projects
Incentives for Residential and Commercial Projects
Incentives for Commercial Projects
Applies to Solar Electric only
21 states
offer tax credits
for solar projects
State Property Tax Incentives for Solar Projects
www.dsireusa.org / April 2011
DC
Puerto Rico
30 states +
Property Tax Incentive
Puerto Rico
Local Option for Property Tax Incentive
Applies to Solar Water/Space Heating Only
State Property Tax Incentive and Local
Option for Property Tax Incentive
Applies to Solar Electric Only
PR
offer property
tax incentives
for solar
projects
State Sales Tax Incentives for Solar Projects
www.dsireusa.org / April 2011
DC
Puerto Rico
21 states +
Sales Tax Incentive
State Sales Tax Incentive and Local Option for Sales Tax Incentive
Applies to Solar Electric Only
PR
offer sales tax
incentives for
solar projects
RPS Policies with Solar/DG Provisions
www.dsireusa.org / June 2011
WA: double credit for DG
NH: 0.3% solarelectric x 2014
OR: 20 MW solar PV x 2020;
MI: triple credit for solar-
double credit for PV
MA: 400 MW PV x 2020
NY: 0.4788% customer-
electric
NV: 1.5% solar x 2025;
CO: 3.0% DG x 2020
2.4 - 2.45 multiplier for PV
1.5% customer-sited x 2020
IL: 1.5% PV
x 2025
MO: 0.3% solarelectric x 2021
AZ: 4.5% DG x 2025
NM: 4% solar-electric x 2020
electric x 2026
PA: 0.5% PV x 2021
DE: 3.5% PV x 2026;
WV: various
multipliers
triple credit for PV
NC: 0.2% solar
x 2018
0.6% DG x 2020
TX: double credit for non-wind
(non-wind goal: 500 MW)
Renewable portfolio standard with solar / distributed generation (DG) provision
Solar water heating counts toward solar provision
NJ: 5,316 GWh solar-
electric x 2025
UT: 2.4 multiplier
for solar-electric
sited x 2015
OH: 0.5% solar-
MD: 2% solar x 2022
DC
DC: 0.4% solar x 2020
16 states +
DC have an RPS
with solar/DG
provisions
Succesful SHW Incentive Design
•
•
•
•
•
•
•
Stable, long-term funding that decreases over time.
Adequate system performance.
Quality-assurance and trained technicians.
Concise application process and flexibility.
Commitments for public buildings.
Program evaluation.
Low-interest financing, standardized permitting, solar access laws, and tax
incentives.
• Educate and market
Innovative Non-government SHW
Incentives
FLS Solar hot water lease
• Commercial solar water systems can cost anywhere from $100,000 to $10 million.
• FLS signs 10 year contracts for the water, then gets subsidies from local utilities, who use FLS
to meet their own green power commitments to state government.
Lakeland / Regenesis hot water service
• Solar water heater, including installation and service, for $35.95/ month with a 20-year price
guarantee and no additional fees.
• Customers pay the monthly fixed price along with their electric bill, and save electricity costs.
States or local governments passing solar ready homes requirements
• Colorado
• Tucson, AZ
Ty Gorman
North Carolina Solar Center
DSIRE (www.dsireusa.org)
myDSIRE Services (www.myDSIREusa.org)
[email protected]
919-513-0648