Solar

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Solarcon is poised to deliver the lowest cost per kilowatt hour to utilities and retail customers striving to meet aggressive state RPS and meet increasing peak power demands with renewable energy. In addition, solar power offers a perfect hedge to climbing energy costs with predictable and contracted power rates for the long term. No more rate hike surprises.

We are committed to reducing the amount of carbon put into the air, helping communities create more local jobs and actively soliciting local landowners who are this vision. We’re also explore the possibility of using land that would otherwise go unused, such as landfills.

Are your ready for the solar conversation?

Consider three sides of the cost equation:

  1. Control Utility Expense with Renewable Solar Production
  2. Equipment Depreciation
  3. Tax Credits

Solar Investment Tax Credit Expiring in 2016…..

In 2008, there was a bi-partisan bill that came out of the Senate to put in place the solar investment tax credit (ITC).

This was the expectation in 2008: “With a long term ITC in place, the solar industry will grow exponentially in the coming years. A study released by Navigant Consulting, Inc. just this week showed that more than 1.2 million employment opportunities, including 440,000 permanent jobs, and $232 billion in investment would be supported by 2016 with an 8-year extension of the ITC. And perhaps most important, the solar industry will create jobs in all 50 states.

So, what’s happened since…

It took 40 years for the U.S. to install its first 20 GW of solar, but the industry is on track to add another 20 GW by the end of 2016. Here are some of the other projections from the latest SEIA/GTM Research report:

  • 16 states will install more than 100 megawatts (MW) of solar in 2016. In 2010, only two states did.
  • In 2016, California is expected to install as much solar photovoltaic (PV) capacity as the entire country did in 2014.
  • The U.S. will surpass 1 million residential solar installations during the next two years.
  • Solar will be close to generating 2 percent of America’s electricity needs by the end of 2016. In 2010, solar represented just 0.1 percent of capacity.
  • All solar market sectors – residential, non-residential and utility scale – are expected to grow by 25 to 50 percent over the next two years.

By fall 2015, the U.S. solar industry employs 174,000 Americans nationwide – more than tech giants Apple, Google, Facebook and Twitter combined – and pumps nearly $18 billion a year into our economy. This remarkable growth is due, in large part, to smart and effective public policies, such as the solar Investment Tax Credit (ITC), Net Energy Metering (NEM) and Renewable Portfolio Standards (RPS). By any measurement, these policies are paying huge dividends for both the U.S. economy, as well as for the environment.

What is happening in the Senate today…

Today, 9/22/15, an ITC bill was proposed to extend the tax credits. “If approved and signed into law, this comprehensive legislation would temporarily extend the federal solar investment tax credit (ITC), and then ease the transition afterward through the creation of long-term, technology-neutral clean energy tax incentives.

According to Senate Finance Committee staff, this legislation would save Americans at least $20 billion over the next 15 years and create/support at least 3.5 million jobs.”

What does that mean to me…

The Midwest is behind the adoption curve of renewable energy. For no reason other than we’ve enjoyed cheap utilities in comparison to other parts of the country.

That’s about to change in 2016. Consider…

  1. In Omaha, the Sewer Separation Project is just going into full swing. MUD rates have already increased and more is coming.
  2. OPPD came out with a voluntary, “Cool Smart” program. This is a smart meter. In other areas of the Midwest, when smart meters are introduced summer electric bills have increased as much as 28% in summer 2015 alone.
  3. Midwest electric utility companies have already been introducing rate increases. {As The Omaha World Herald documented.}

There have been calls in Nebraska and Iowa for deregulation of electricity (as Texas has done), “unbundling” of utility bills, and getting control of utility overhead costs.

The EPA is changing regulations to shut down coal fire plant and decommission nuclear. The Associated Press reports more than 32 mostly coal-fired power plants will close and another 36 plants could also be forced to shut down as a result of new EPA rules regulating air pollution.

It appears to be a perfect storm of sudden and sustained cost increases coming across the Midwest.

Are you ready for the business math of solar renewables?