This is your SolarWakeup for March 23rd, 2018

Get Your SolarWakeup Live! San Francisco Tickets

Vote Solar. Big congrats to the entire team at Vote Solar and thank you for everyone that came to the Equinox fundraiser. The solar champions will continue to speak up for our industry and we are lucky to have such great supporters in and out of our sector. Consider putting more policy in your schedule and budget. Your time and money is needed to achieve the 10 - 10 - 10 efforts that will make our industry sustain itself against all attacks.

Steyer’s Ballot Initiatives. Frank has a great story from Arizona about the RPS ballot initiative. APS is looking to preemptively cut the legs off the voters efforts to make their energy system more sustainable. Always sad to see the will of the voters reduced by a monopoly. Steyer is backing ballot initiatives in three States - NV, AZ and CO. I like this move and the timing is perfect.

All About Illinois. Together we will start the road to learn more about the Illinois market. We will be announcing great SolarWakeup Live! news including plans to head to the Land of Lincoln and site of a solar gold rush. Some news from my friends at EDF on the topic.

Now The 301 Tariffs. I can’t keep up with the near weekly trade tariffs on China from the Oval office. The 301 tariffs could impact the solar industry and I will reserve more comment and detail until an expert has given me the details.

Microsoft Solar Non-Resi Deal. Microsoft has signed a corporate off take agreement for 315MW of solar. Under the new SEIA solar market insight, I guess this is the Virginia version of community solar (the deal is likely under a contract for difference) since it sells energy to a corporate customer. Have a great weekend!

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Have a great day!
Yann

Oregon Solar Installers Back Legend’s Customers

By Frank Andorka, Senior Correspondent What Happened: Oregon solar installers are rallying around the their state’s Legend Solar customers, who could have faced an uncertain future after Utah-based Legend tumbled into financial freefall. Among the companies and organizations coming to the rescue are the Energy Trust of Oregon, the Oregon Solar Energy Industries Association and Elemental Energy. The state’s installers have rushed in to make sure the entire solar industry doesn’t get a black eye from this high-profile bankruptcy. SolarWakeup’s View:  When one solar company stumbles, it’s up to the rest of us to make sure it doesn’t take the rest … Read More →

APS Is Trying To Kill Steyer-Backed RPS Initiative

By Frank Andorka, Senior Correspondent What Happened: Arizona Public Service, the state’s largest utility, is again trying to stifle solar development in the state that has the most insolation in the country, because reasons. The utility behemoth, which wields enormous power in the state’s politics, is trying to kill a ballot initiative backed by progressive billionaire Tom Steyer that would raise the state’s RPS to 50% by 2030. To counter the measure, APS is pushing hard for a bill in the legislature that would make the penalty for not making the RPS goals almost laughably negligible – $1,000-$5000, a penalty APS … Read More →

This is your SolarWakeup for March 22nd, 2018

Short opening today, long day of meetings and jet lag are getting the best of me.

See You Tonight? Make sure you say hello tonight at Vote Solar’s Equinox in San Francisco. This is a great event to celebrate solar and those that fight on the front lines of the regulatory battles for us all. It is not too late to buy your ticket to the event and toast our industry.

Going For 100. Last year, California’s legislators got close to passing a 100% RPS. This year it could actually happen. 27 organizations including Vote Solar have banded together to push for the legislation to become law. Read Frank’s coverage here and look forward to more commentary as discussions begin.

Southeast Solar. The top story yesterday was the headline of more solar in the Southeast. This is the reminder that Florida has massive capacity growth with essentially no market. Only the IOUs are building substantial capacity and ratepayers are footing this bill with no transparency on how much it would cost if this was a competitive process instead of utility owned.

Wakeup Live. Get your tickets to our event. Hear my interview with the contract manager looking for solar projects in California.

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Have a great day!
Yann

Vote Solar Lends Voice To “100% Clean Energy In California” Coalition

By Frank Andorka, Senior Correspondent What Happened: Vote Solar is lending its voice to a coalition of 27 organizations in California that are fighting to move the state to a 100% clean energy future. Yesterday, one of solar’s most active advocacy groups announced the launching of the organized campaign in support of California Senate Bill (SB) 100. If SB 100 passes, it would move the renewable energy goalposts again (in a good way), raising the renewable portfolio standards from 60% to 100%. Besides Vote Solar, the coalition also includes the Union of Concerned Scientists, the Natural Resources Defense Council, the Sierra … Read More →

Southeastern States Like Solar. In Other News, Water Is Wet

By Frank Andorka, Senior Correspondent What Happened: Bloomberg looked into southeastern states like Georgia, South Carolina and Florida and discovered, by golly, those states LIKE solar now. In other news, water is wet. According to the report, states have been reluctant to add solar because of the cost was too high. Bloomberg looked at the recent explosion of solar installations in Florida, Virginia and South Carolina to reach its conclusion (and oddly left out North Carolina for some reason). SolarWakeup’s View: OK, I know I should let Bloomberg off the hook for this one. After all, they don’t write about solar full … Read More →

This is your SolarWakeup for March 21st, 2018

Arizona Coverage. Frank has your recent news coverage from Arizona. Don’t forget that you can send tips to frank@solarwakeup.com or by hitting reply here. If you want to stay anonymous, head to solarwakeup.com and click the tips link, you can even upload files without revealing your identity.

Don’t Forget Puerto Rico. It’s been 6 months that Hurricane Maria hit Puerto Rico and many are still without power. The recovery effort has failed many Puerto Rico that have now had to relocate to other States across America.

Reducing Property Taxes. Florida had a big ballot initiative to eliminate property taxes that could be due after installing solar on commercial properties. An Arizona judge also ruled on this issue this week. Of all the headwinds that face C&I solar, property tax can be one of them and removing it makes it easier. Much like the cost and structure of loans to do solar, C&I solar has to do all it can to overcome cheap energy rates it is offsetting. Speaking of debt for commercial solar, many of you are in Denver for a PACE conference. PACE has lowered the cost of capital quite a bit but more importantly for C&I solar is a better structure for many businesses. Most of the time, the debt is for the property and not the operating business which makes it a better fit for balance sheets.

Equinox 2018. This is your last call to join me and many others at Vote Solar’s important fundraiser on Thursday. You can buy your ticket at equinox2018.splashthat.com.

Presented By ‘You’. Do you want the SolarWakeup community to hear your message? You can sponsor this paragraph for an entire month leading up to our event in San Francisco. Join the many sponsors that were able to message, recruit and gain more exposure on this platform. Email me for more details.

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Have a great day!
Yann

Arizona Court Allows Solar Property Tax Exemption

By Frank Andorka, Senior Correspondent What Happened: Yesterday, the Arizona Supreme Court ruled that homeowners that lease rooftop solar systems do not have to pay state property taxes on that home improvement. The court found that since the homeowners don’t own the “electrical generation facilities,” they have earned a state property tax exemption It refused, however, to offer an opinion on whether counties could levy property taxes on the solar arrays. The case stretches back to 2013, when the state’s Department of Revenue, with the support of APS (the state’s largest utility), decided it could collect property taxes on the arrays. … Read More →

Natural Gas Plans Hit Snag For Arizona Utility

By Frank Andorka, Senior Correspondent What Happened: In a move the surprised many, the Arizona Corporation Commission (ACC) told APS, the state’s largest utility, to get more of its electricity from renewables instead of natural gas. The plans presented by APS submitted to the commission planned to add 5.3 GW of natural gas generation by 2032. In contrast, APS planned to add only 183 MW of renewables to the portfolio. The commissioners, who are sometimes accused of being too chummy with the utility they regulate, told APS unequivocally to stop fooling around and add more renewables to their generation portfolio. SolarWakeup’s … Read More →

This is your SolarWakeup for March 20th, 2018

Clean Energy Credit Union. A new podcast for your listening pleasure. Recorded live at COSEIA’s conference last week, I sat with Clean Energy Credit Union’s CEO and Board Chair. Terri and Blake walked me through the start of this endeavor and the solar problem they are looking to solve. The whole concept is to show that a true lower cost of capital is possible for solar lending and this could lead the way. If you enjoyed this podcast, consider leaving a review on iTunes.

South Carolina. There are some things happening in South Carolina. With the embarrassing nuclear escapade by SCANA, the State should consider making a shift into the solar future. Frank breaks it down for you with some information from local coverage. For me, South Carolina is a great political bellweather that could show red, southern states on how solar can be an economic engine for the future. The entire solar industry should push for South Carolina to find a victory for our industry.

Nat Gas, The End Is Near? I’ve written about speaker plants in California having a hard time getting capacity contracts extended and the CPUC has been negative on letting PG&E repower some plants. LADWP also put a large project on hold pending more analysis. What I wasn’t expecting is hearing that the Arizona Commission would put new natural gas on a moratorium to give solar + storage further review. Remember, TEP entered into a contract for $45/MWh on a solar plus storage plant. A moratorium now means that gas may have reached the end in Arizona, what State will drop next?

EV Growth And Consolidation. EV growth in China has been quite quick and maybe too quick (more on that soon). Europe and North America have been far more measured in its growth and it may have been for the best. Too much investment too early may cause for a market disruption instead of sustainable market stability.

San Francisco. This town is becoming my second home. While many of you are in San Diego for the finance conference, I’ll be in SF. Hopefully many of you will be coming up for Vote Solar’s equinox this week and to SolarWakeup Live! on April 10th. I’ll be in SF to continue figuring out how PACE financing can help C&I solar grow. Access to low cost, long term debt is a great way for the business owners to go solar. Send me an email if you’d like to be connected with the great team at CleanFund.

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Have a great day!
Yann