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RENEWABLE ENERGY VERMONT 05

THE TRUE VALUE OF DISTRIBUTED PV Richard Perez University at Albany. RENEWABLE ENERGY VERMONT 05. Burlington: $2/Watt incentive 30% fed tax credit (capped at $2k) Long Island: $4/Watt buy-down 25% State tax credit 12.5 cents per kWh

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RENEWABLE ENERGY VERMONT 05

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  1. THE TRUE VALUE OF DISTRIBUTED PV Richard Perez University at Albany RENEWABLE ENERGY VERMONT 05

  2. Burlington: $2/Watt incentive 30% fed tax credit (capped at $2k) Long Island: $4/Watt buy-down 25% State tax credit 12.5 cents per kWh 30% fed tax credit (capped at $2k) Germany: ~ 65 cents per kWh

  3. Burlington: $2/Watt incentive 30% fed tax credit (capped at $2k) Long Island: $4/Watt buy-down 25% State tax credit 12.5 cents per kWh 30% fed tax credit (capped at $2k) Germany: ~ 65 cents per kWh External Costs Effective Capacity Security Grid support Severe weather Terrorism Environmental value CO2 Sox/Nox nuclear waste Fossil fuel depletion Fossil fuel protection Business growth Trade deficit Human health

  4. Burlington: $2/Watt incentive 30% fed tax credit (capped at $2k) Long Island: $4/Watt buy-down 25% State tax credit 12.5 cents per kWh 30% fed tax credit (capped at $2k) Germany: ~ 65 cents per kWh External Costs Effective Capacity 5-10 ¢ / kWh Security Grid support Severe weather Terrorism Environmental value CO2 Sox/Nox nuclear waste Fossil fuel depletion Fossil fuel protection Business growth Trade deficit Human health Effective Capacity 5-10 ¢ / kWh Security Grid support 3-5 ¢ kWh Severe weather Terrorism Environmental value CO2 Sox/Nox nuclear waste Fossil fuel depletion Fossil fuel protection Business growth Trade deficit Human health

  5. AUGUST 14th, 2003 BLACKOUT Aug 14th, 2003 – 4PM Temperature oF Richard Perez, et al. Perez et al. asrc

  6. Burlington: $2/Watt incentive 30% fed tax credit (capped at $2k) Long Island: $4/Watt buy-down 25% State tax credit 12.5 cents per kWh 30% fed tax credit (capped at $2k) Germany: ~ 65 cents per kWh External Costs Effective Capacity 5-10 ¢ / kWh Security Grid support Severe weather Terrorism Environmental value CO2 Sox/Nox nuclear waste Fossil fuel depletion Fossil fuel protection Business growth Trade deficit Effective Capacity 5-10 ¢ / kWh Security Grid support 3-5 ¢ kWh Severe weather Terrorism Environmental value CO2 Sox/Nox nuclear waste Fossil fuel depletion Fossil fuel protection Business growth Trade deficit Human health Fossil fuel depletion

  7. Assume e.g., $ 500 bbl. of oil in 2025, dragging natural gas and electricity prices in the wake Fossil fuel depletion

  8. Equivalent to an external energy NPV of 25 ¢/kWh

  9. Burlington: $2/Watt incentive 30% fed tax credit (capped at $2k) Long Island: $4/Watt buy-down 25% State tax credit 12.5 cents per kWh 30% fed tax credit (capped at $2k) Germany: ~ 65 cents per kWh External Costs Effective Capacity 5-10 ¢ / kWh Security Grid support Severe weather Terrorism Environmental value CO2 Sox/Nox nuclear waste Fossil fuel depletion Fossil fuel protection Business growth Trade deficit Effective Capacity 5-10 ¢ / kWh Security Grid support 3-5 ¢ kWh Severe weather Terrorism Environmental value CO2 Sox/Nox nuclear waste Fossil fuel depletion Fossil fuel protection Business growth Trade deficit Human health Fossil fuel depletion 25 ¢ kWh

  10. Effective Capacity 5-10 ¢ / kWh Security Grid support 3-5 ¢ kWh Severe weather ¢ kWh Terrorism ¢ kWh Environmental value ¢ kWh CO2 ¢ kWh Sox/Nox ¢ kWh nuclear waste ¢ kWh Fossil fuel depletion ¢ kWh Fossil fuel protection ¢ kWh Business growth ¢ kWh Trade deficit ¢ kWh Human health ¢ kWh ….. ¢ kWh …… ¢ kWh

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