November 2011 “Solar Benefits Taxpayers + Workshop This Sat”

Published November 1, 2011

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Photo of the Month: November 2011 

LightWave Solar attended Solar Power International in Dallas last month. Pictured above is an inspired, cost-effective solar carport with frameless modules that allow light to pass through but is waterproof. Shown with the electric Chevy Volt. See more of SPI.

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Solar Power Benefits Taxpayers

 

New report finds solar PV installations deliver savings to ratepayers and taxpayers by $0.15-$0.40/kWh. Here’s the breakdown of solar power’s public value into nine accrued benefits:

 

1. Saves money on wholesale energy

Locally generated solar electricity reduces the amount of energy that utilities must purchase at higher prices. Savings are $0.06-$0.11/kWh.

 

2. Reduces demand-response expenses

PV installations can deliver the equivalent of capacity, displacing the need to purchase this capacity elsewhere. Savings are $0.00-0.05/kWh.

 

3. Saves energy losses within the distribution system

Distributed solar installations can eliminate the electrical losses that are typically incurred when energy is moved from large power plants to local loads. Savings are $0.00-0.01/kWh.

 

4. Reduces need for feeder equipment upgrades

Distributed PV can deliver capacity at the feeder level, so it can reduce the wear and tear on transformers and other feeder equipment. Savings are $0.00-0.03/kWh.

 

5. Hedges against fuel-price spikes

Solar energy does not depend on commodities whose prices fluctuate on short-term scales and will likely escalate substantially over the long-term. Savings are $0.02-0.03/kWh.

 

6. Aids grid security

Solar power’s ability to closely mirror peak power demand can help reduce chances of blackouts. Savings are $0.03-0.06/kWh.

 

7. Reduces costly health and environment damages

Solar power deployment reduces greenhouse gas emissions, mining related consequences, water contamination, and other environmental and health related damages associated with fossil fuels. Savings are $0.03-0.06/kWh, which is “certainly a conservative range,” the report says.

 

8. Reduces fuel-price volatility

Using an estimate of a 150% rise in fuel-based generation costs by 2036 (deemed a conservative estimate) the report found that the insurance hedge of solar generation contributes a significant long-term value. Savings are $0.03-0.04/kWh.

 

9. Stimulates economy

“Job creation implies value to society in many ways, including increased tax revenues, reduced unemployment and an increase in general confidence conducive to business development,” the report states.  

 

Summary was taken from Solar Industry by Jessica Lillian, and the cited report is by Richard Perez at University of Albany, Ken Zweibel at the GW Solar Institute and Thomas E. Hoff of Clean Power Research. Full report here: http://www.asrc.cestm.albany.edu/perez/2011/solval.pdf    

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Solar 101 Workshop at Bells Bend
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LightWave Solar will lead a Solar 101 Workshop on Sat, Nov 5 from 10-11am at the Bells Bend Outdoor Center.  We will cover the basics of solar and expain the benefits of adding solar to your home or business. Workshop also features a tour of the solar system on-site.  Event is free and open to the public.  Please register by calling Bells Bend at 615-862-4187.
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Sat, Nov 5, 10am-11am

Bells Bend Outdoor Center
4187 Old Hickory Blvd.
Nashville, TN  37218

Bells Bend program schedule here  

 

Also this week:

On Thurs, Nov 3 we’ll be presenting Solar 101 at the Ellington Ag Center for TWRA’s Nature at Noon. Click here for details. 

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Fact of the Month: 9 out of 10 Americans Support Solar, Across Political Spectrum

 

SEIA released survey results that show the majority of Americans (89 percent) think it is important for the United States to develop and use solar energy.  Key finding include:
  • Eight out of 10 (82 percent) think it is important for the federal government to support U.S. solar manufacturing.
  • A majority of Americans (51 percent) would be more likely to buy products produced with solar energy.
  • When asked to select an energy source they would financially support if they were in charge of U.S. energy policy, 39 percent of Americans chose solar over other sources such as natural gas (21 percent), wind (12 percent), nuclear (9 percent) and coal (3 percent). 
  • Eight out of 10 (82 percent) support federal tax credits and grants for the solar industry similar to those that traditional sources of energy like oil, natural gas and coal have received for decades. 

Survey by Kelton Research. Results here: http://seia.us/sERklb

LightWave Insider is a monthly online newsletter from LightWave Solar bringing you news and information about the solar industry.  

Where We’ll Be…

 

Nature at Noon

Thurs, Nov 3, 12-1pm

Ellington AG Center

More info here 

 

Solar 101 Workshop 
Sat, Nov 5, 10-11am 

Bells Bend Outdoor Center
More info here 

 

Living Well Marketplace

Sat, Nov 19 

Factory at Franklin

More info here    

 

 

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