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This research analyzes the investment in solar energy under the Stimulus-Funded State Energy Program (SEP) by examining the allocated funds, states with the highest investments, and available funding. The study focuses on photovoltaic (PV) and solar thermal projects.
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Solar in the Stimulus: An Analysis of State Energy Program Spending American Solar Energy Society: Sizing Up State Programs May 20, 2010 Ty Gorman N.C. Solar Center / DSIRE
DSIRE Overview • Created in 1995 by the NC Solar Center • Funded by U.S. DOE (EERE), administered by NREL • ~2,392 RE & EE financial incentives & regulatory policies • Federal, State, Local, Utility • ~ 250,000 unique visitors/month www.dsireusa.org
Introduction • Impetus for this research • Questions: • 1) How much money is being invested in solar* under the stimulus-funded State Energy Program (SEP)? • 2) Which states have allocated the most money to solar under the stimulus-funded SEP? • 3) How much stimulus-funded SEP is still available to possibly fund solar? *Solar includes: PV and Solar Thermal (usually for water heating with a few space heating projects)
Methodology • Reviewed SEP ARRA Plans • Excluded EECBG, WAP, Treasury Grants, EPA funds, regular SEP funding • Contacts at SEOs • Reviewed SEO and other State Websites (Governors’ press releases) • Recorded and categorized the $ amounts
Categorizing the $$$ Degree of Certainty • Explicitly Allocated and Planned for Solar • RE Funding (solar funding possible) • EE Funding (solar funding possible) SEP Funding Unavailable for Solar
RESULTS American Recovery and Reinvestment Act Loans: $575 M RE Grants: $146 M EE Grants: $423 M Solar Grants: $246 M Solar Rebates: $64 M
Top 10 States March 8, 2010 Top 10 States May 14, 2010 Time lapse = 2 months 4 Top Ten States with Changes
Solar Rebates by State $ in Millions 13 states + PR, DC, USVI offer rebates STATE
Grants by Sector RE Grants ($145.6 M total) EE Grants ($423 M total) Residential EE Residential EE Residential RE Commercial EE Commercial RE Public EE Public RE Other RE
Loan Funding Funding for Loan Program(s), in Millions Possibly Solar, Payback Has to Meet Criteria Solar Specific
Contacts Ty Gorman N.C. Solar Center / DSIRE www.myDSIREusa.org trgorman@ncsu.edu Amanda Zidek-Vanega N.C. Solar Center / DSIRE www.DSIREusa.org amanda_vanega@ncsu.edu