New York Maps Out Energy Storage Future – 1,500 MW By 2025
By Frank Andorka, Senior Correspondent Energy storage is the next front in the solar revolution, and states across the country are starting to grapple with how to incorporate it into the future of their electricity-generation plans. California, Arizona and New Mexico have already mandated that their utilities incorporate storage into their long-term planning. And now New York has announced its plans to incorporate 1,500 MW of energy storage into it electricity generation by 2025. [wds id=”3″] Gov. Andrew Cuomo announced the aggressive plans last week, touting that it would create $2 billion in consumer benefits and 30,000 jobs. He also … Read More
While Washington Dithers About Coal Plants, Wyoming Prepares To Move On With Solar
By Frank Andorka, Senior Correspondentthey The news today about the fight over saving failing coal and nuclear plants is that Energy Secretary Rick Perry won’t take into account the importance of low electricity prices in favor of creating mythical “energy security” based on the outdated concept of baseload power. It’s a frivolous, short-sighted idea, fueled by coal barons and fossil-fuel interests. And yet, in a state as far removed from Washington as one can imagine, officials are preparing to build the state’s largest utility-scale solar plant in a tacit admission that the future of coal is dim. [wds id=”3″] Wyoming … Read More
This is your SolarWakeup for June 27th, 2018
More Solar For Low Income Consumers. It is not news to anyone in the solar industry that low income families spend a much larger portion of their income on electricity that their higher earning fellow ratepayers. California recognizes that low solar prices with no fuel volatility should be available to all families. This was also a topic covered in detail at SolarWakeup Live! Chicago last week which has a nice summary in the top post today.
Privatizing Puerto Rico’s PREPA. Last week, the Governor of Puerto Rico signed a bill to partially privatize PREPA and at least one solar developer is concerned about what this means to their offtake agreement. The challenge is that PREPA should roll that contract forward and continue satisfying the agreement. PREPA says that the privatization has to decide the fate of the agreement. More to come about this.
More PACE On C&I Solar. The good folks at CleanFund have outlined their vision for how solar can be installed on more C&I buildings. With the SolarPACE calculator and their partners program, the ability for more people to access capital is becoming reality. If you are coming into town for Intersolar, make sure to say hello and learn about where PACE is today. While it was an exotic capital tool a few years ago, the cost and availability has gone into solar’s favor in a big way.
South Carolina Solar Setback. Yesterday, South Carolina state senate members of the budget conference committee decided that raising the net metering cap through a budget proviso would violate Senate procedural rules and decided to remove the proviso from the budget bill. Vote Solar’s Thad Culley says “It is deeply disappointing that clean energy progress in South Carolina will be delayed another year, putting at risk 3,000 local jobs in the state’s once-thriving solar industry and limiting South Carolinians only true alternatives to monopoly utilities.”
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CleanFund Partners With SunPower On SolarPACE Commercial Financing Program
By Frank Andorka, Senior Correspondentthey CleanFund, a national property assessed clean energy (PACE) purveyor, announced they will be partnering with SunPower to extend the reach of its commercial SolarPACE programs. Commercial companies looking to finance solar improvements or other clean energy and energy efficiency upgrades without any upfront costs can now access CleanFund’s tools through SunPower’s network of solar installers. [wds id=”3″] The announcement heralds at least three significant developments within the solar industry: 1) It broadens the reach of commercial PACE programs, an increasingly attractive option for companies that want to add solar to their businesses but balk at … Read More
California Revises, Extends Low-Income Solar Program
By Frank Andorka, Senior Correspondentthey When California decided last week to revise and extend its Single-Family Affordable Solar Homes (SASH) program with a 12-year rebate program for disadvantaged citizens who want to take advantage of solar, it marked another step forward in the democratization (small “d”) of electricity generation. It also continued the national trend toward the inclusion of low-income solar in statewide solar legislation, much of which is being modeled on California’s original SASH program. [wds id=”3″] As Elsie Hunger from GRID Alternatives put it: California has been a leader nationally in providing solar access to families in disadvantaged … Read More
This is your SolarWakeup for June 26th, 2018
Thank You! ICYMI. I appreciate all the notes about the new day job. In case you missed it yesterday, I am moving to San Francisco and joining Quick Mount PV as President. For more information, see yesterday’s edition of SolarWakeup. Lastly, it would be a bad business of me to avoid offering our support in your residential company’s work. When it comes to quality and superior roof integration, nobody does it better than the team at QMPV. You know where to find me.
An IRS Victory, Well Done. SEIA has been working on this and staff was able to get it done. Much like the 1603 rules, the ITC will have a 5% hurdle in order to give developers additional time to complete a project beyond the deadline. The rule, known as commencing construction, was widely used across the solar market for ’1603’ modules to allow future projects to take advantage of this as well.
Lenders Want Solar Deals. The great team at kWh analytics is sharing some data about lenders interested and active in solar. Catching me off guard was the sheer number, almost 50 banks, that made it into the ‘solar landscape’ which explains the competitive cost of capital that is being found by project owners. One of the topics that we don’t talk much about is the installation methods in the underwriting process. While BNEF has the tier 1 list for modules, who ensures that the right products are being installed to install the systems on the ground or on the roof? The IEs are barely scratching the surface on that and given the 30-year lifespans being modeled, there should be a complete system analysis.
Honey Sweet Solar. I spoke with the CEO of Connexus Energy about this in detail but it is worth discussing again. Vegetation management is a line item for solar asset owners that can be more than a cost burden. Using native pollinators allow the option of adding beehives to your solar farm as the Connexus solar farm did in Minnesota. The honey can be sold to offset some of the vegetation costs and do good for the environment. Look into this concept for your next project, there are already companies targeting the solar market for this.
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Yann
IRS Regifts Utility-Scale Solar Four More Years Of 30% ITC
By Frank Andorka, Senior Correspondentthey Four more years! Four more years! That’s the mantra some utility-scale solar developers are chanting today after the Internal Revenue Service (IRS) decided to extend the 30% investment tax credit (ITC) through 2023 as long as they have broken ground or spent 5% of the total expected investment in the project by the end of 2019. [wds id=”3″] Bloomberg reports the opinion, issued by the IRS late last week, came as something of a surprise to most utility-scale developers. As the reporters noted: “The news is positive for utility scale solar developers who can now … Read More
kWh Analytics Launches Searchable Solar Financing Database
By Frank Andorka, Senior Correspondent Leading solar risk management firm kWh Analytics has launched Solar Lendscape, a searchable database designed to connect project developers with financing solutions. The Solar Lendscape catalogs the solar industry’s most active lenders, including their check sizes, target market segments, and product type. This list will be updated regularly. kWH Analytics is also offering to provide introductions to any of the lenders on the list if project developers need it. Interested developers should send an email with details of the project to lendscape@kwhanalytics.com. The database can be found here. An analysis of the data indicates the … Read More
This is your SolarWakeup for June 25th, 2018
Heading Out West. After 12 years in solar while living in Florida, I am leaving the Sunshine State for San Francisco. For a decade, I joked that the only solar job in Florida was at the airport while we flew to other markets, for me, that destination was often the Bay Area. The family is packing up as I write this and we will be moved to the Bay in a few weeks. San Francisco is the center of the solar industry and a great many of you (the readers) are in the area which makes me look forward to this next chapter.
My Day Job. This may come as a surprise to you but I have a day job that is not SolarWakeup. Most recently I was the President of Conergy for the Americas before doing consulting for various companies and private equity firms. I am now joining the amazing team at Quick Mount PV as President. Quick Mount PV has been a great company in the solar industry for over a decade and I am humbled to join the team. This will be my first time working in residential solar in my solar career but it is an industry I have admired since the start. Putting solar on homes is as important as any work we do in solar and doing so with superior quality is at the center of it. Nobody puts forth that quality better than Quick Mount PV and that’s something I look forward to showing off across the industry. We’ll be hiring around the Country as well, mostly in sales, and it’s always a pleasure to work with more of you. You can find information about those jobs here. One of the great things about QMPV is the factory that makes many of the products you use every day right here in Walnut Creek, CA.
Aligning My Values With My Work. Little did I know when I launched SolarWakeup’s Solar Pledge that net metering would be at the center of the work I would be doing 4 years later. I have always been a staunch advocate for net metering and solar’s need to focus on putting solar on every home across America. Our policy work is only as strong as the public support for the solar industry which is at all-time high levels. Even President Obama used the growth of solar on homes in his State of the Union speeches citing the GTM stat. I’m excited to be aligned on this segment going forward. Amazing policies driving down the cost of solar for consumers paired with the democratization of solar to the local installers are how we make the solar industry one of the strongest industries in America and I’m excited to play a small role in this value chain.
Back To My Roots. Back to the roof. I spent a few years after graduating college engineering and designing roofing systems for a very large roofing contractor. I learned that there is no faster way to make someone pick up the phone in anger than for them to have a leak in their roof and the same is true for homeowners that install solar. For solar contractors that means they have to install using the best solar mounting systems available on the market. I look forward to traveling across the Country and meeting with many of you and understanding more about the residential solar market.
Not To Worry. SolarWakeup will continue as it has over the past 6 years. There may be days that the summaries are shorter but everything else remains the same. You will see news about my work since it overlaps with yours as well. As always, you can hit reply on any morning email and share your thoughts and comments with me.
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Yann
This is your SolarWakeup for June 22nd, 2018
What a great day at SolarWakeup Live! in Chicago yesterday. The interviews were great content and more than anything the audience was able to spend plenty of time doing solid networking. Have a great weekend!
Community Solar Goes Big. This isn’t data but its anecdotal from the event. Community solar in Illinois may have over 1GW of projects already in the queue but it may not add up with local zoning approvals so the 1GW could be overstating. That’s quite a bit more than the 150MW expected to be approved in the program.
Program Administrators. No word on the hiring date for the administrators but the RFP responses have been received and selection is underway. This is essentially the last step to get the program going.
Large Scale Issues. If you see a future for large scale solar in Illinois with $5 RECs, please send me your business model to understand.
Hire Local.I can’t overstate how important it is to understand the impact of hiring local labor and train a new workforce for your installations. Don’t be the solar group that hires the random Spencer’s solar company at the lowest cost possible. Make sure you give the newly trained solar folks a chance to get involved. This is vital to growing the solar market in Illinois going forward.
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Yann