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Florida RPS & Solar Dick Lowry Assoc. Manager of Government Relations 7/26/07.

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Presentation on theme: "Florida RPS & Solar Dick Lowry Assoc. Manager of Government Relations 7/26/07."— Presentation transcript:

1 Florida RPS & Solar Dick Lowry Assoc. Manager of Government Relations 7/26/07

2 2006 Worldwide Market Share No. 1 in worldwide production – 6 years running Solar cell manufacturer since ,000+ completed residential systems operating worldwide

3 Clean Energy No Air Pollution No Water Pollution No Noise Pollution No Solid Waste No Radiation Risk No Transmission Lines No Cooling Water

4 PV Market Growth Will Mitigate Carbon...and Boost Jobs EPIA / Greenpeace, Solar Generation, September 2006

5 Investment and High Quality Jobs Estimated 23 new jobs per added MW of PV manufacturing capacity (REPP) California companies, approximately 4,000 jobs (CalSEIA) Germany – 3,500 companies, 20,000 jobs (German Ministry of Environment) Component Mfg Systems Integration System Installation Sales & Finance Product and System Engg Service & Maintenance

6 PV Market Growth Spurs Price Reduction Costs of solar PV have dropped by 73% in the past 2 decades

7 Solar Energy is the Most Abundant U.S. Energy Resource Florida Sunshine Resource 2X Todays Largest Market - Germany

8 Strong Public Support For Solar in Florida

9 21 State RPS Policies *LBNL, 2007

10 What Makes an RPS Work for Solar? Explicit solar share Tradeable SRECs ACP mechanism Provision for LT contracts Provision for small systems

11 Solar Carve-Outs and Multipliers *LBNL, 2007

12 Solar Incentive Results To Date Credit Multipliers –WA: no real impact on solar to date, or expected –DE: no real impact on solar to date, or expected –MD: no real impact on solar to date, or expected –NM: some activity to support solar, but few results to show as of yet Solar Carve-Outs –NJ: 18 MW PV in 2006 (27 MW cumulative) –NY: 2.7 MW PV in 2006 (9 MW cumulative) –not significantly impacted by RPS set-aside, yet –AZ: 1.8 MW PV in 2006 (16 MW cumulative); 1 MW solar thermal plant –CO: 0.9 MW in 2006 (1.8 MW cumulative) –TX: 0.7 MW in 2006 (2.2 MW cumulative) –not significantly impacted by RPS set-aside, yet –NV: 2.6 MW in 2006 (3.5 MW cumulative); 64 MW solar thermal plant –DC: no real impact, yet –PA: no real impact, yet *LBNL, 2007

13 SRECs Tradeable RECs –Who has them? AZ, CA*, CO, CT, DE, D.C., ME, MD, MA, MN, MT, NV, NH, NJ, NM, OR, PA, RI, TX, VT, VA, WA, and WI –How do They Work? Utilities required to purchase pro-rata share of annual RPS requirements (RECs and SRECs) –Companies or individuals who purchase solar systems can sell their SRECs to the utilities »This leverages private investment to meet RPS *In Development

14 ACP – Alternative Compliance Payment ACP –Who has one? NJ, MD, PA, D.C., DE, CT, CO, MA, MT, RI, TX –How do They Work? A declining penalty for not meeting RPS requirements is placed on the utilities –This sets a value for SRECs, as utilities are then willing to purchase SRECs for anything below the ACP Without an ACP, utilities have no incentive to meet their RPS requirements

15 Long-Term Contracts –Who has them? NJ, CO, MD, AZ, L.A. –How do They Work? Utilities must purchase SRECs to meet RPS obligations If they are only permitted to buy SRECs under long- term contracts (such as 15 years) then purchasers of solar systems gain certainty that their SRECs will be bought over the long term –This allows financing of larger systems

16 Upfront Payment for Smaller Systems Upfront Payment for smaller systems –Who does this? Most states that offer rebates offer them upfront, at least for smaller systems This would not be a rebate but an upfront payment for long term SRECs –How do They Work? The PSC would establish a present value for SRECs created by a solar system over the following 15 years The utility would then be required to purchase these SRECs at this upfront price from small system owners, until their RPS obligation is satisfied This will be discussed in more detail in a later presentation

17 Growth of Solar Market in FL Dependent on… Explicit solar share Tradeable SRECs ACP mechanism Provision for LT contracts Provision for small systems


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