Industry Update: TVA Solar Initiatives Fall Short
We are not asking TVA to increase their spending on solar electricity; we simply want to see that 100% of allotted capacity is built. On the other hand, TVA's spending on solar electricity is minimal, and we refute TVA's claim that they need to cap solar incentives to protect ratepayers. Private individuals and businesses make the capital investments in solar projects, and TVA should be expected to buy the electricity at a rate that reflects the value of the power that does not pollute, does not create costly disasters and does not require TVA (ratepayers) to pay for new power plants, maintenance, compliance, insurance, etc. In addition, when TVA buys solar electricity, they own all of the environmental attributes, the Solar Renewable Energy Certificates (SRECs), that can be sold on the SREC market. Solar is a win for everyone – TVA, ratepayers, clean air and water and the economy.
We encourage you to contact TVA to voice your opinions. Click here to visit the TVA Board of Directors webpage.