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

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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)

3
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

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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 Governors
  Commission on Climate Change
• Implement 2009 legislative proposals

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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

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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

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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

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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

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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

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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

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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

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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

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Information Sources

• Virginia
• www.stimulus.virginia.gov/
• www.dmme.virginia.gov
• Federal
• www.recovery.gov/
• www.doe.gov/recovery/

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Contacts

• Al Christopher
• Director, Division of Energy
• Department of Mines, Minerals and Energy
• 1100 Bank Street, 8th floor
• Richmond VA 23219
• al.christopher_at_dmme.virginia.gov
• [phone]

• 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
• stephen.walz_at_governor.virginia.gov
• [phone]