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Florida RPS & Solar. Dick Lowry Assoc. Manager of Government Relations 7/26/07. 2006 Worldwide Market Share. No. 1 in worldwide production – 6 years running Solar cell manufacturer since 1959 100,000+ completed residential systems operating worldwide. Clean Energy . No Air Pollution

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florida rps solar

Florida RPS & Solar

Dick Lowry

Assoc. Manager of Government Relations

7/26/07

2006 worldwide market share
2006 Worldwide Market Share
  • No. 1 in worldwide production – 6 years running
  • Solar cell manufacturer since 1959
  • 100,000+ completed residential systems operating worldwide
clean energy
Clean Energy
  • No Air Pollution
  • No Water Pollution
  • No Noise Pollution
  • No Solid Waste
  • No Radiation Risk
  • No Transmission Lines
  • No Cooling Water
pv market growth will mitigate carbon and boost jobs
PV Market Growth Will Mitigate Carbon...and Boost Jobs

EPIA / Greenpeace, Solar Generation, September 2006

investment and high quality jobs

Component Mfg

Systems Integration

System Installation

Sales & Finance

Product and System Eng’g

Service & Maintenance

Investment and High Quality Jobs
  • Estimated 23 new jobs per added MW of PV manufacturing capacity (REPP)
  • California - 450 companies , approximately 4,000 jobs (CalSEIA)
  • Germany – 3,500 companies, 20,000 jobs (German Ministry of Environment)
pv market growth spurs price reduction
PV Market Growth Spurs Price Reduction
  • Costs of solar PV have dropped by 73% in the past 2 decades
solar energy is the most abundant u s energy resource
Solar Energy is the Most Abundant U.S. Energy Resource

Florida Sunshine Resource 2X Today’s Largest Market - Germany

what makes an rps work for solar
What Makes an RPS Work for Solar?
  • Explicit solar share
  • Tradeable SRECs
  • ACP mechanism
  • Provision for LT contracts
  • Provision for small systems
solar incentive results to date
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

srecs
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 (REC’s and SREC’s)
        • Companies or individuals who purchase solar systems can sell their SRECs to the utilities
          • This leverages private investment to meet RPS

*In Development

acp alternative compliance payment
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
long term contracts
Long-Term Contracts
  • 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
upfront payment for smaller systems
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
growth of solar market in fl dependent on
Growth of Solar Market in FL Dependent on…
  • Explicit solar share
  • Tradeable SRECs
  • ACP mechanism
  • Provision for LT contracts
  • Provision for small systems