NewEnergyNews: SMARTER NEW ENERGY INCENTIVES

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YESTERDAY

  • TODAY’S STUDY: The Truth About The Transmission New Energy Needs
  • QUICK NEWS, September 19: All About Climate Change In 17 Short Answers; New Energy Ready To Step Up; How Old Energy Attacks Solar
  • THE DAY BEFORE

  • TODAY’S STUDY: The Private Sector Gets Into The New Energy Biz
  • QUICK NEWS, September 18: The Key Climate Change Unknown; Beer Brewer Anheuser-Busch In Big Wind Buy; Montana Grew Solar 400% In 2016
  • THE DAY BEFORE THE DAY BEFORE

  • Weekend Video: A Bill Maher Debate About The Climate
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  • THE DAY BEFORE THAT

  • FRIDAY WORLD HEADLINE-The Chocolate-Climate Change Connection
  • FRIDAY WORLD HEADLINE-The New Energy Future Is Within Reach
  • FRIDAY WORLD HEADLINE-The World Is Turning Off Nuclear Power
  • FRIDAY WORLD HEADLINE-European Ocean Wind’s ‘Apollo Moon Landing’
  • AND THE DAY BEFORE THAT

    THINGS-TO-THINK-ABOUT THURSDAY, September 14:

  • TTTA Thursday-Think Like A Planet
  • TTTA Thursday-Illinois Moves To Join Community Solar Boom
  • TTTA Thursday-Grid Rules Need To Boost Battery Storage’s Stacked Values
  • TTTA Thursday-New Energy Delivering Big In Midwest Economy
  • THE LAST DAY UP HERE

  • ORIGINAL REPORTING: Record low prices allow wind’s boom to go national
  • ORIGINAL REPORTING: MA delivers a landmark replacement for net metering
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    Founding Editor Herman K. Trabish

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    Research Associate and Contributing Editor Jessica R. Wunder

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    Some details about NewEnergyNews and the man behind the curtain: Herman K. Trabish, Agua Dulce, CA., Doctor with my hands, Writer with my head, Student of New Energy and Human Experience with my heart

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  • TODAY AT NewEnergyNews, September 20:

  • ORIGINAL REPORTING: Is 100% renewable energy the best goal to cut power sector emissions?
  • ORIGINAL REPORTING: Have California's efforts to value distributed resources hit a roadblock?

    Thursday, September 27, 2012

    SMARTER NEW ENERGY INCENTIVES

    Small Changes to Federal Renewable Policy Could Deliver Big Savings for Taxpayers; Federal Wind and Solar Incentives are Critical, Could be more Cost-Effective

    September 17, 2012 (Climate Policy Initiative)

    “Federal government support has been crucial to growth in the solar and wind industries. A new report by Climate Policy Initiative (CPI), Supporting Renewables While Saving Taxpayers Money, shows the government could sustain that support at much lower cost to taxpayers, by replacing current tax credits with cash incentives…[A] taxable cash incentive for wind energy could deliver the same support to wind projects as current policy and almost halve the cost to taxpayers…

    “CPI’s report shows that federal wind and solar incentives bridged roughly half the gap between the costs of renewable electricity generation and electricity market prices for wind and solar projects financed in 2010. Assuming that current federal policies are sustained, performance and technology improvements mean that the average wind project financed in 2013 would be nearly viable through federal incentives alone, while solar projects would still require some state support.”

    “Changing federal policies from tax to cash incentives would save taxpayers money while maintaining the same level of support for the wind and solar industries. Current federal tax incentives are not a cost-effective way to support renewable energy because most project developers don’t have enough tax liability. As a result, they employ tax equity partners at additional cost. With cash incentives, developers don’t need tax equity partners; this makes the system more cost-efficient.

    “The report recommends two changes to federal wind and solar incentives: Extend the wind production tax credit and deliver it as a $21/MWh taxable cash incentive. This would have the same value to projects, reduce inefficiencies, and reduce government costs by almost half for every unit of clean electricity generated. Give solar photovoltaic projects the option to take a 20% 1603 cash grant in lieu of the current 30% investment tax credit. This would simultaneously reduce government costs while better supporting solar energy projects…”

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