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Clean Energy Policy Jesse Kharbanda – Executive Director, Hoosier Environmental Council Ray McCormick – Farmer & Vice President for the Indiana Association.

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Presentation on theme: "Clean Energy Policy Jesse Kharbanda – Executive Director, Hoosier Environmental Council Ray McCormick – Farmer & Vice President for the Indiana Association."— Presentation transcript:

1 Clean Energy Policy Jesse Kharbanda – Executive Director, Hoosier Environmental Council Ray McCormick – Farmer & Vice President for the Indiana Association of Soil and Water Conservation Districts Tom Conway – Regional Program Manager for the Blue Green Alliance

2 The Landscape of Energy Issues in 2011 Jesse Kharbanda Executive Director Hoosier Environmental Council November 6, 2010

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5 In Montana's Glacier National Park only 27 of the 150 glaciers which existed in 1910 remain today and they will be gone in only 20 years.

6 Unfortunately the fight for clean energy won't be easy at all... Status Quo & Stubborn Myths – “Nuclear is cheap” – “We can't run our businesses on wind power” – “We're out of power!” Old School Economic Development – Don't worry about the environment – Or small businesses...

7 Our Goals Back policies that definitively achieve a net benefit for Hoosiers Oppose policies that don't...

8 Making an Impact this Session? Really?? Two positive opportunities: – Property Assessed Clean Energy (PACE) Bonds – Renewable Electricity Standard (RES) And also a need to be very cautious: – Trackers – CWIP

9 PACE Legislation Opportunity #1

10 As energy saving, cost-minded, environmentally conscious homeowners & businesspeople, we dream of..

11 Using clean energy...

12 General Barriers to On Site Clean Energy Technical assistance Interconnection standards Net metering Money Hard Knocks

13 PACE: Solves Key Problems Property Assessed Clean Energy Funds raised from bond sale used to give loans to pay for upfront capital Borrowed funds stay with the property

14 Most Appealing Aspect Energy bill savings > Incremental cost  Net savings, greater cash flow

15 PACE: Becoming Reality for a Community State legislation  PACE program design  City Council voting on PACE  Bond issuance  PACE funds to beneficiaries  Clean Energy Investment

16 PACE Program Design DOE Guidelines Local design – Eligibility – Interest rates – Safeguard details Uniformity effort – Renewable Funding

17 PACE from the Lens of Different Stakeholders

18 Home and Business Owner Perspective Voluntary Application Nature of improvement (whole; part; appliances); dollar range Financial information Receives PACE funds Works with certified contractor

19 Energy Contractor Qualified auditor Licensed contractors Qualified quality assurance professional

20 Municipality Votes to establish program Establishes assessment district Issues bonds Issues PACE funds Admin costs rolled into consumer loan Collected on same day as property taxes

21 In a Nutshell A Thought Through Program

22 PACE Map

23 Preliminary Results In one city alone – 1,000 retrofits – 60% lower delinquency rate

24 Federal Situation

25 State Developments 22 states have passed PACE authorizing language –Including neighbors Discussions with Indiana legislators; interest by Governor's office

26 PACE Needs Your Support Public awareness campaign –Letters to editor Legislator awareness – s to legislators – s to mayors PACE

27 Enormous Potential… Majority of U.S. homes built pre-1980 Indiana on-site renewable systems

28 The Great Opportunity if Barriers Truly Fall Can avoid building multi-billion dollar power plants –Minnesota's example (under R Gov!) Can create thousands of new jobs in Indiana RAEL study

29 Opportunity #2 Renewable Electricity Standard

30 RES Diagram Renewable projects require hundreds of millions in capital. Investors will be more likely to site projects where there is guaranteed income. By carving out part of the electricity market for renewables, RES provides investment certainty

31 And this pans out… 70% of investment in wind power occurs in states with an RES.

32 #1: Jobs and Investment ~6,000 jobs in construction, operation and maintenance $7 billion in investment

33 Texas Installed Wind Capacity Pre-1999:42 MW 2006:2,768 MW 2008: 5,000+ MW 2010: 10,000 MW Source: Ken Donohoo, ERCOT; SPP

34 #2: Reduced energy costs Mitigates rising costs from coal power, federal carbon rules

35 #3: Enhanced Rural Development Lease payments for hosting: – Substation – Access Road – Simply being located between turbines Renewable energy investments can generate county benefits.

36 #4: Revitalization of Manufacturing

37 The Basic Challenge RES as a vehicle for... – Enshrining the status quo – Old school economic development We may have to accept some realities, in exchange for significant gains to renewable power

38 Fight for the best possible bill Minimize the role of non-renewables Focus trackers narrowly

39 RES Needs Your Support Public awareness campaign –Letters to editor Legislator awareness – s to legislators – s to mayors RES

40 Carbon Control Trackers

41 Nuclear CWIP

42 Denbury CO2 Pipeline

43 Stay Informed & Involved – Questions – Comments – Tell Us How You Want to Get Involved

44 Let's Never Forget the Stakes


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