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Mid-Atlantic Renewable Energy Association The Sun Will Shine… after Rebates End and S-RECs Dim MAREA Monthly Meeting TEK Park, Breinigsville, PA July 26, 2011 1
Mid-Atlantic Renewable Energy Association
The Sun Will Shine…after Rebates End and S-RECs Dim
MAREA Monthly MeetingTEK Park, Breinigsville, PAJuly 26, 2011
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Introductions Bill Hennessy [email protected] 484-560-4666
Vera Cole [email protected] 215-258-0526
Topics for Tonight
PA Sunshine Rebate S-RECs Market Electricity Prices Financial & Environmental Outcomes Looking Forward
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Ranked by Grid-Connected PV Capacity Installed in 2010
4U.S. Solar Market Trends 2010 / June 2011 (IREC)
PA Sunshine Rebate Currently
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Current Step Size of StepTotal Amount Received in
Step
Amount Remaining
Residential PV 4 10 MW 5.708 MW 4.292 MW
Small Business PV
4 27 MW 14.716 MW 12.284 MW
Solar Hot Water 1 1500 Systems 621 879 systems
Battery Back‐up 1 10 MW 0 10 MW
High Cost ($/Watt)
Median Cost ($/Watt)
Low Cost ($/Watt)
Median System Size
(kW)
Residential $10.83 $5.38 $2.84 7.77
Small Business $7.68 $4.90 $3.72 29.14
http://www.portal.state.pa.us/portal/server.pt/community/grants_loans_tax_credits/10395/PA_Sunshine_Solar_Program/821790
After PA Sunshine Rebate
Program opened May 2009 Expected prices $8 - $10/W (rebate $2.25) Current price $5.38/W (rebate $0.75)
Approved Solar Electric (PV) Installers List Now 629 (462 in PA) Now, 75 NABCEP-certified in PA List Will No Longer Exist (!)
Production meters? Do it yourselfers? Federal Tax Incentive Continues
2016, no cap, 30%6
PA SREC Prices
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Current PA AEPS Solar Requirements
8http://paaeps.com/credit/overview.do
PA’s Open Borders20% of solar (MW)
registered in PA is located out of state
We can sell RECs to: Ohio Washington, DC
We buy RECs from: Washington, DC Delaware Maryland New Jersey Virginia West Virginia Illinois (portions) Indiana (portions) North Carolina (portions)
9http://paaeps.com/credit/showQualified.do?todo=qualified
PA Avg Residential Retail Electricity Prices (¢/kWh)
10http://www.eia.gov/cneaf/electricity/epm/table5_6_a.html (Average Price by State by Provider (EIA-861))
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Size 8 kW
Unit Cost 5.38 $/W
System Cost 43,040 $
Fed Tax Credit 12,912 30%
Final Cost 30,128 $
Annual Generation 1,300 kWh/kW
Net generation 10,400 kWh
REC net (AT) 65 $/REC
Years of RECs 10 years
System Life 25 years
Lifetime Elec Cost 0.090 $/kWh
Electricity Price 0.15 $/kWh
Payback 13.5 years
Avoided Emissions 7,904 tons /yr
Total Avoided Emissions 197,600 tons
Looking Forward PUC Solar Working Group
Real-time pricing (time-of-use) Billing transparency (net metering) Net metering from competitive suppliers Net metering installation/tariff timeline
House Bill 1580 Accelerate RPS ramp up (2012 – 2015) “Closes” PA borders
MAREA Research
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Proposed PA AEPS Solar Requirements
13http://www.mainlinerenewables.com/wp-content/uploads/HB1580_Draft_ChrisRoss_05_19_11.pdf
Ranked by Grid-Connected PV CumulativeInstalled Capacity through 2010
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Cumulative U.S. Grid-tied Photovoltaic Installations (2001-2010)
15U.S. Solar Market Trends 2010 / June 2011 (IREC)
PA-Solar Energy Industries Association (PASEIA) www.mseia.net/PA.html
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Thank you!
Pennsylvania Renewable Energy & Sustainable Living FestivalKempton, PA
Sept 16, 17 and 18
www.paenergyfest.org
See you there!
