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U.S. Renewable Energy Policy and Industry - NREL

Renewable Energy Policy and Industry Presentation at CNREC. Ella Zhou October 2015. nrel /PR-6A20-65255. nrel is a national laboratory of the Department of Energy , Office of Energy Efficiency and Renewable Energy , operated by the Alliance for Sustainable Energy , LLC. Renewable Energy Policy and Industry Federal and State Drivers for RE. Solar Update Wind Update Biofuel Update. 2. Federal Drivers for Renewable Energy Investment Tax Credit (ITC). Production Tax Credit (PTC). Clean Power Plan (final rule). Modified Accelerated Cost Recovery System Depreciation Schedule (MACRS).

ME: 40% x 2017 29 States + Washington, D.C. + 3 territories have a Renewable Portfolio Standard (8 states and 1 territories have renewable portfolio goals) Renewable portfolio standard Renewable portfolio goal * Includes non- renewable alternative resources Extra credit for solar or customer- sited renewables † U.S. Territories DC

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Transcription of U.S. Renewable Energy Policy and Industry - NREL

1 Renewable Energy Policy and Industry Presentation at CNREC. Ella Zhou October 2015. nrel /PR-6A20-65255. nrel is a national laboratory of the Department of Energy , Office of Energy Efficiency and Renewable Energy , operated by the Alliance for Sustainable Energy , LLC. Renewable Energy Policy and Industry Federal and State Drivers for RE. Solar Update Wind Update Biofuel Update. 2. Federal Drivers for Renewable Energy Investment Tax Credit (ITC). Production Tax Credit (PTC). Clean Power Plan (final rule). Modified Accelerated Cost Recovery System Depreciation Schedule (MACRS).

2 DOE Loan Program. 3. Summary of Renewable Electricity Tax Policy Policy Name Description Technologies Amount Expiration Production A per-kilowatt-hour Wind, closed- and open-loop biomass, geothermal, solar, $23 / MWh for Projects under Tax Credit tax credit for small irrigation power, municipal solid waste, and some wind, closed-loop construction (PTC) electricity generated hydroelectric sources biomass, and prior to 2015. by qualified Energy geothermal. $11 / qualify resources and sold by MWh for others.

3 The taxpayer; eligible generally applies projects can opt for to first 10 years of ITC instead operation Investment Allows the tax credit Solar water heat, solar space heat, solar thermal electric, 30% for solar, fuel For commercial Tax Credit to be taken based on solar thermal process heat, photovoltaics, landfill gas, wind, cells, and small solar placed in (ITC) the amount invested biomass, hydroelectric, geothermal electric, fuel cells, wind; 10% for service after rather than electricity geothermal heat pumps, municipal solid waste, geothermal, 2016, reverts to produced CHP/cogeneration, solar hybrid lighting, hydrokinetic power microturbines, and 10%.

4 ( , flowing water), anaerobic digestion, small CHP geothermal hydroelectric, tidal Energy , wave Energy , ocean thermal, remains at 10%;. fuel cells using Renewable fuels, microturbines, geothermal for all other direct-use technologies, expires end of 2016. MACRS and Five year accelerated All ITC-eligible technologies as well as large wind projects Depends on tax No expiration bonus depreciation schedule (essentially all renewables) situation (MACRS). depreciation means greater loss . on paper, reduces taxes Source: United States Department of Energy ( DOE).

5 4. Extended Incentives for Renewable Energy Generation CS: central scenario (current case). Ext: extending PTC and ITC. Source: nrel . 2015. Annual Technology Baseline (ATB). Golden, CO: nrel . Accessed September 2015, 5. Clean Power Plan (final rule). CPP sets target emission rates (or mass-totals) for each state and aims to lower total power sector emissions by 32% by 2030 from 2005 levels. Projected Generation Mix (thousand GWh). See more on CPP's impact at: EPA. ( Environmental Protection Agency). 2015.

6 Regulatory Impact Analysis for the Clean Power Plan Final Rule. Research Triangle Park, NC: EPA. Accessed September 2015, 6. State-Level Drivers of Renewable Energy Renewable Portfolio Standards (RPS). Renewable Energy Certificates (RECs) or Performance Based Incentives Net Metering; Virtual Net Metering Carbon Markets State Tax Credit Property Assessed Clean Energy (PACE) Programs Property Tax Exemptions State Sales Tax Exemptions Grants Clean Energy Financing Program Subsidized Loans On-Bill Financing.

7 7. RPS Policies Source: / June 2015. WA: 15% x 2020* ME: 40% x 2017 . NH: x 2025. ND: 10% x 2015. MT: 15% x 2015 VT: 75% x 2032. x 2025 (IOUs). OR: 25%x 2025* x 2020 (Xcel). MA: 15% x 2020(new resources). (large utilities) x 2016 (existing resources). SD: 10% x 2015 MI: 10% x WI: 10% NY: 29% x 2015. 2015* RI: x 2019. 2015. CT: 27% x 2020. IA: 105 MW IN: 10%OH: x NJ: RE x 2020. NV: 25% x IL: 25% x x 2025 2026 + solar by 2027. 2025* UT: 20% x CO: 30% by 2020 2026 PA: 18% x 2021 . 2025* (IOUs) * VA: 15% x CA: 50% KS: 20% x 2020 MO:15% x 2021 DE: 25% x 2026*.

8 2025 DC. x 2030 MD: 20% x 2022. NC: x 2021 (IOUs). DC: 20% x 2020. OK: 15% x AZ: 15% x 2025* NM: 20%x 2020. (IOUs) 2015 SC: 2% 2021. TX: 5,880 MW x 2015*. 29 States + Washington, Territories + 3 territories have a Renewable HI: 100% x 2045 NMI: 20% x 2016 Guam: 25% x 2035 Portfolio Standard (8 states and 1 territories have PR: 20% x 2035 USVI: 30% x 2025. Renewable portfolio goals). Renewable portfolio standard Renewable portfolio goal * Extra credit for solar or customer-sited renewables Includes non- Renewable alternative resources 8.

9 RPS with Solar or DG provisions 9. Comparison of RE Estimated Market Sizes, 2006-2013. Source: Heeter, Jenny. 2014. Status and Trends in the Voluntary Green Power Market (2013 Data). Golden, CO: nrel . Accessed September 2015, 10. Renewable Energy Certificates (RECs). Source: Green Power Markets: Renewable Energy Certificates (RECs). (2015). Washington, : DOE Energy Efficiency and Renewable Energy (EERE). Accessed September 2015, 11. Net Metering / March 2015 PV project capacity limits range from 10 kW to 80 MW.

10 Net metering rules are being actively discussed in over a dozen state public service and utility commissions across the country. ME: 660*. WA: 100. VT: 20/250/2,200. MT: 50* ND: 100* NH: 1,000. OR: 25/2,000* MA: 60/1,000/2,000/10,000*. MN: 40. RI: 5,000*. WI: 20*. MI: 150*. WY: 25* CT: 2,000/3,000*. IA: 500* OH: no limit* NY: 10/25/500/1,000/2,000*. NV: 1,000* NE: 25. IL: 40* PA: 50/3,000/5,000*. UT: 25/2,000* IN: 1,000*. NJ: no limit*. CA: 1,000* KS: 15/100/150* VA: 20/1,000*. CO: 120%* KY: 30* DC. MO: 100 DE: 25/100/2,000*.


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