overview of clean energy community resources
DESCRIPTION
Presentation by the Massachusetts Clean Energy CenterTRANSCRIPT
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Massachusetts Clean Energy Center
Overview of Community Resources
March 29, 2011
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MassCEC Overview
Solar Incentives
Wind Incentives
Project Financing
Examples
Introduction
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MassCEC Areas of Focus
Investments in Clean Technology
Workforce Development
Clean Energy Sector Development
Renewable Energy
Generation
Project/InstallationManufacturingDevelopmentResearchIdea
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Source of funding is a Systems Benefits Change on ratepayers’ electric bill
Available for customers of IOUs and MLPs that opt-in
MassCEC Eligible Customers
A list of eligible MLPs is available at:http://www.masscec.com/solar
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Renewable Energy Generation Division
Renewable Energy
Generation
Comm. Solar Comm. Hydro Comm. WindOffshore Wind & Marine
Low Income Partnerships
SREC Management
Project/InstallationManufacturingDevelopmentResearchIdea
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Program Overview
Commonwealth Solar
Commonwealth Solar I Commonwealth Solar IICommonwealth Solar
Stimulus
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Rebates SRECs
Database of State Incentives for Renewables & Efficiency (www.dsireusa.org)
Rebates and Other Incentives
Federal Tax Credits
• Accelerated Depreciation (MACRS)
• Investment Tax Credit (ITC)
State Tax Credits
• Property Tax Exemption
• Sales Tax Exemption
Other Incentives
• Net Metering
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Various Options Available:
Direct Ownership Maximizes value of electricity generated
3rd Party Ownership Hedges against future electricity price increases
Minimizes up front cost and O&M costs
Leverages tax incentives to reduce overall project cost
Leasing Potential revenue generator
Project Financing Models
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3rd Party Ownership
0
20
40
60
80
100
120
140
160
Commercial
Public
Residential
Commonwealth Solar 3rd Party Ownership Projects
# o
f P
roje
cts
Month
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Solar Installed in MA (through 2010)
-
5
10
15
20
25
30
35
40
45
2002 2003 2004 2005 2006 2007 2008 2009 2010
MW
RET-Funded Non-RET Funded Cumulative
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Public Projects
Yarmouth Town Hall12.6 kW System
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Public Projects (cont.)
Medway Public High School132 kW System
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Public Projects (cont.)
Watertown Police Station28.42 kW
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Micro Scale Community Scale Commercial Scale
Purpose
Rebates for construction of responsibly-sited and well-performing small wind installations
Assistance for public and non-public utility-scale wind projects, from early assessment to construction
• Assistance for commercial-scale wind projects in early, high-risk, stages.• Identify and evaluate potential sites for commercial wind projects (state facilitated wind)
Eligibility Turbines <100 kW100 kW – 10 MW, typically net metered
~ 2.5 MW – 30 MW
Incentive
• Installation rebates determined by kW and kWh produced. • Maximum of $130,000.
• Site Assessment services for public entities• Feasibility Study grants up to $85,000• Design & Construction grants up to $400,000
• Feasibility study grants up to $55,000• Development Loans up to $250,000• Early-stage technical and environmental site assessments (state facilitated wind)• This program is being modified to address earlier stage risk.
Commonwealth WindPrograms overview
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Map of Community Scale Wind ProjectsInstalled and Pipeline as of 12/07/10
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Site Assessments Feasibility StudiesDesign &
Construction
Funds awarded $300,296 $5,120,017 $23,708,840
MW awarded 48.4 MW
Projects awarded 50 102 42
Average cost$/project
$6,005 $58,668 $4,107,008
Average incentive % of cost
100% 86% 14%
MW installed 15.9
Community Scale WindAwards as of 12/07/10*
* Data includes projects from the Large On-site Renewables Initiative (LORI) and the Community Wind Collaborative, predecessor programs that made awards for community scale wind projects prior to launch of
Commonwealth Wind in 2009.
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Nantucket High School Wind Turbine
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Andy Brydges
Program Director
MassCEC
55 Summer St., 9th Floor
Boston, MA 02110
Questions?