Presentation on theme: "Solar Energy in the United States U.S. Trade and Development Agency Business Center November 5, 2009 Scott Hennessey Manager, Climate and Energy Markets."— Presentation transcript:
Solar Energy in the United States U.S. Trade and Development Agency Business Center November 5, 2009 Scott Hennessey Manager, Climate and Energy Markets Solar Energy Industries Association
Introduction to SEIA U.S. National Trade Association for Solar Companies Over 1000 member companies Members include all solar technologies Represent over 80,000 people employed by solar 14 state and regional chapters SEIA’s Mission Expand Markets Remove Market Barriers Strengthen R&D Improve Education and Outreach The Voice of Solar in U.S.
2008 Breakthrough Success Tax Credit Extension – after 17 Votes in Congress –Filibustered 9 times Bailout Bill – October 3 –Extended investment tax credits for 8 years Additional Solar Legislation Introduced –SOLAR Act
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 –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
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
US Market Strong in 2009 California continues to be the dominant market but… More states adding incentives –Virginia adding incentive –Pennsylvania adding incentive –District of Columbia adding incentive –New York adding more incentives –Maryland providing more funding for incentives –Missouri new solar carve-out for RPS –Vermont feed-in tariff Federal incentives stronger than ever
2009 Energy Bills Comprehensive Energy Legislation –House passed legislation: American Clean Energy and Security Act (ACES) Renewable Electricity Standard Carbon cap and trade program Transmission legislation And much more –Senate refining legislation now (ACELA) Senate Energy: RES and Transmission Senate EPW: Cap and Trade program
2009 Energy Bills “Clean Energy Jobs and American Power Act” S Kerry Boxer Investments in Renewable Energy and Energy Efficiency: For investing in energy efficiency and renewable energy, States will receive approx 10% of distributed allowances in 2012 the declining Investments in Advanced Energy Research and Development: 4% of distributed allowances in 2012 (then declining) will be allocated for research on advanced energy technologies, including funding for applied research at “Clean Energy Innovation Centers” at research universities and institutions. Agriculture, Forestry and Renewable Energy: 1% of allowances in 2012 (then declining) will be allocated for investments in agriculture and renewable energy. Building Codes: 0.50% of distributed allowances will be allocated to support implementation of codes to reduce emissions of greenhouse gases from buildings. Worker Assistance and Job Training: 1.5% of distributed allowances in 2012 (then declinging) will be allocated for worker assistance, and to train workers for jobs in the areas of energy efficiency and renewable energy.