Presentation on theme: "Clean Energy Policy Jesse Kharbanda – Executive Director, Hoosier Environmental Council Ray McCormick – Farmer & Vice President for the Indiana Association."— Presentation transcript:
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
The Landscape of Energy Issues in 2011 Jesse Kharbanda Executive Director Hoosier Environmental Council November 6, 2010
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.
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...
Our Goals Back policies that definitively achieve a net benefit for Hoosiers Oppose policies that don't...
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
PACE Legislation Opportunity #1
As energy saving, cost-minded, environmentally conscious homeowners & businesspeople, we dream of..
Using clean energy...
General Barriers to On Site Clean Energy Technical assistance Interconnection standards Net metering Money Hard Knocks
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
Most Appealing Aspect Energy bill savings > Incremental cost Net savings, greater cash flow
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
PACE Program Design DOE Guidelines Local design – Eligibility – Interest rates – Safeguard details Uniformity effort – Renewable Funding
PACE from the Lens of Different Stakeholders
Home and Business Owner Perspective Voluntary Application Nature of improvement (whole; part; appliances); dollar range Financial information Receives PACE funds Works with certified contractor
Energy Contractor Qualified auditor Licensed contractors Qualified quality assurance professional
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
In a Nutshell A Thought Through Program
Preliminary Results In one city alone – 1,000 retrofits – 60% lower delinquency rate
State Developments 22 states have passed PACE authorizing language –Including neighbors Discussions with Indiana legislators; interest by Governor's office
PACE Needs Your Support Public awareness campaign –Letters to editor Legislator awareness – s to legislators – s to mayors PACE
Enormous Potential… Majority of U.S. homes built pre-1980 Indiana on-site renewable systems
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
Opportunity #2 Renewable Electricity Standard
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
And this pans out… 70% of investment in wind power occurs in states with an RES.
#1: Jobs and Investment ~6,000 jobs in construction, operation and maintenance $7 billion in investment