iped financing solar energy conference
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IPED Financing Solar Energy Conference. Leveraging the Solar Tax Credit Virginia ARRA Example ----------- Stephen A. Walz Senior Advisor for Energy Policy Commonwealth of Virginia Office of Governor Timothy Kaine ---------- May 22, 2009. ARRA Energy. State Energy Program - PowerPoint PPT PresentationTRANSCRIPT
IPED Financing Solar Energy Conference
Leveraging the Solar Tax CreditVirginia ARRA Example
-----------Stephen A. Walz
Senior Advisor for Energy PolicyCommonwealth of Virginia
Office of Governor Timothy Kaine----------
May 22, 2009
ARRA Energy• State Energy Program
– Energy efficiency and renewable energy support– State flexibility
• Energy Efficiency and Conservation Block Grant Program– Efficiency– Renewable in local government buildings
• U.S. Department of Energy, Energy Efficiency and Renewable Energy Programs
• State program summaries at National Association of State Energy Officials (www.naseo.org)
Stimulus.virginia.gov
• Communications on ARRA in Virginia• Governor Kaine opened for suggestions -
February 10 to March 6; + 9,000 proposals– + $465 billion for all proposals
– + $15 billion for energy-related proposals
$85 million available for energy efficiency and renewable activities
Virginia ARRA Project Criteria
• Near-term jobs created or preserved• Conventional energy saved or renewable energy
produced - sustainability• Leverages other funds, avoid free rider when other
funds available• Ease of implementation; measurable & verifiable• Provides future value – transforms marketplace• Consistent with Virginia Energy Plan & Governor’s
Commission on Climate Change• Implement 2009 legislative proposals
ARRA Energy Projects in Virginia
• $38 million grants for solar thermal, photovoltaic and small-scale wind– $15 million for residential & commercial – small
distributed projects statewide• $5 million wind; $10 million solar
– $13 million for state facilities to leverage other funds• $3 million wind; $10 million solar
– $10 million for local government and school facilities• $2.5 million wind; $7.5 million solar
ARRA Energy Projects in Virginia
$10 million grants for incentives to develop energy from biomass and waste
$15 million grants for energy efficiency improvements to residential and commercial facilities
$10 million to support clean energy businesses & commercialization of energy technologies
Technical assistance to local governments and public schools for energy savings performance contracting
EECBG• Direct from DOE
– Cities/towns with 35,000 + people or top 10 by population
– Counties with 200,000 + people or top 10 by population
– $44.5 million in Virginia – 28 localities• Indirect through Virginia DMME
– Cities & towns with less than 35,000 people– Counties other than top 10 by population– $9.7 million in Virginia
Solar Projects• Meet technical standards; SRCC, other• Residential, Commercial, Industrial
– Customer applies; Pre approval; 6 months to complete– $2,000 per kW PV; $1,000 per kW equiv thermal– Done over 2 years – build industry capability in VA– Enhance net-metering
• Up to 10 kW residential; 500 kW commercial• Includes 3rd party ownership of renewable systems
• Local government, public schools– Locality to decide on approach– Leverage other funds– Public education component
Solar Projects
• State agencies; public universities– Aggregated/individual projects
• Aggregated for economic impact• Public Private Education and Infrastructure Act• Performance contracting add on
– Non jurisdictional at State Corporation Commission (PUC) – increased flexibility
– RFPs – pilot first, then aggregate
Solar Projects• State agencies; public universities
– PPAs• Length; end terms• Liabilities/risk sharing• State standard terms and conditions• REC ownership• PJM capacity markets• Carbon credits
– Management issues• Low power costs• Limited state tax provisions• Varying expertise – agency and legal
Other ARRA Energy Provisions• Federal facilities; GSA and Military
– Efficiency; renewable sources
• Workforce Training– Competitive for energy efficiency and renewable workforce training
• Weatherization Assistance Program• Public Housing
– HUD to local housing authorities and VHDA
• Energy Star Appliance Rebate– DMME to manage – fall 2009 application schedule
• Alternate Fueled Vehicles– Virginia Clean Cities Program
• Research, Development and Deployment– DOE Fossil, Energy Efficiency, Basic Science; Military
Other ARRA Energy Provisions• Smart Grid
– Utilities and product providers
• Diesel Emission Reduction Program– Department of Environmental Quality
• Innovative Technology Loan Guarantees; Renewable Energy Bonds
• Battery Manufacturing
• Tax credits/grants– ITC/PTC/Treasury grants - renewables, CHP, fuel cells, microturbines– Residential/business energy efficiency– Wind, solar, geothermal– Advanced energy manufacturing– Carbon sequestration– Plug in hybrid and other alternate fuel vehicle
Information Sources
• Virginia– www.stimulus.virginia.gov/– www.dmme.virginia.gov
• Federal– www.recovery.gov/– www.doe.gov/recovery/
Contacts
Al Christopher
Director, Division of Energy
Department of Mines, Minerals and Energy
1100 Bank Street, 8th floor
Richmond VA 23219
(804) 692-3216
Stephen Walz
Senior Advisor for Energy Policy, Office of Governor Tim Kaine
Director, Department of Mines, Minerals and Energy
1100 Bank Street, 8th floor
Richmond, VA 23219
(804) 692-3211