What happens when utilities meet their state mandates for renewable energy production or offsets?
In the coming years we could run into a schedule, and desirable – from the utilities point of view, loll in Solar. States are canceling, re-assessing, or no longer interested in initiating rebates for renewable energy because utilities have moved to capitalize on the financial benefits provided to them. It has also quieted the calls to speed up adoption of Solar Energy. It is eating its nemesis, alive.
So, what will keep solar alive, absent rebates and offsets? It will be advances is panel efficiency, battery design, and inverter technology.
[Stay tuned as I revise this post. Thanks. ]
Homeowners who wish to install solar on their rooftops need money, so they should be able to borrow those funds from their local banks. That’s the general idea behind a proposed solar loan program that the Massachusetts Department of Energy Resources (DOER) announced earlier this year.
The program’s goal, the department said, is to reduce barriers for Massachusetts residents to directly own solar projects.
The residential solar loan program would be funded by $30 million of alternative compliance payments. These are funds paid by electric retail suppliers if they have insufficient renewable or alternative energy certificates to meet their compliance obligations under the state’s renewable and alternative portfolio standard programs
” For example, existing biomass, geothermal, wind and solar facilities directly support more than 4,000 high-wage jobs, many in the Central Valley and Northern California whereunemployment remains high. Some of these facilities will not secure new contracts because a few retail sellers would be forced to buy the new high-priced geothermal. The net result is that many local communities would suffer both job losses and higher costs while a few communities in the Imperial Valley reap all the benefits.”
Read more here: http://www.sacbee.com/2014/08/15/6629618/viewpoints-geothermal-bill-will.html#storylink=cpy