SunShot Initiative Spurs Solar Energy Legislation: Ten Million Solar Roof Act

24 Feb 2011 9:17 AM | Anonymous

In our previous blog, we delved into the SunShot Initiative, the Dept of Energy’s plan to stimulate the solar and wind industry by providing $77 million in funding.  The goal of this initiative is to spur renewable energy technology, as well as improve the design and permit processes.  Spreading solar awareness and creating numerous jobs are also offshoots from this program receiving a lot of support.  With the recent excitement around SunShot, other renewable energy ideas are beginning to surface!

In 2010, Sen. Bernie Sanders (I-Vt.) introduced the Ten Million Solar Roof Act, a plan to put solar panels and water heaters on 10 million of America's roofs by 2020.  Although approved by the Senate's Energy and Natural Resources Committee in July, 2010, no other advancements have been made.  With the help of SunShot’s plan to lower solar installation costs by 75%, Sanders’ bill is resurfacing. Shayle Kann, managing director of solar research at GTM Research states, "These are two parallel but distinct programs. They could play together very well because undefined to the extent that the SunShot initiative is successful undefined it will lower the [financial] incentives that are required per project for the Ten Million Solar Roof Act” (read more ).

In the State of the Union, President Obama, proposed building 20 million solar installations nationwide by 2020.  While Sanders’ bill calls for about half of this number, the support from the Federal level is encouraging.  "I look forward to working with the Obama administration to incorporate elements of the new solar initiative into the Ten Million Solar Roofs Act to make the legislation even stronger," Sanders said in a Feb. 4 press release. "We have an opportunity to create hundreds of thousands of good-paying jobs and make America the world leader in solar energy."  Learn more about the Ten Million Solar Roof Act here.

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Webinar Q&A

Q: There is a 2% limit on rate increases. Are you sure this is not a problem? The rate increase is in reference to the total procurement, so we do not anticipate it being an issue.


Q: I am a homeowner. Your invitation stated you may have some new information concerning Gov. Rauner's budget. That's what I'm particularly interested in. The proposed budget for 2015/2016, at this time has eliminated rebates and grants. ISEA’s position is that we will continue to advocate for the continuation of this program. There is also a legislative bill that has proposed an extension to this program through 2020 which we support and will continue to track.


Q: Can you provide an REC typical value for an average sized home with this proposed declining block program? I have a hard time explaining the value of RECs. Since Illinois has not had a REC price in the past, it’s difficult to estimate what the initial market value may be. The supplemental procurement will go a long way in establishing Illinois REC market prices. In the meantime, the Illinois Power Agency (IPA) will continue to research other markets to make the best decisions for the Illinois market. The goal, of course, is to install solar, and the purpose of the REC is to incentivize solar purchases and ensure pricing makes economic sense. As a reminder, there’s still a bit of the process left before we see what price RECs will have in Illinois. Once the legislation has been passed, and the REC price is published, we’ll update as needed.


Q: What recs are available for people who installed solar systems in 2014? If the system was energized prior to January 21, 2015, you qualify for the regular procurement event in September 2015.


Q: Does Exelon nuclear energy qualify as renewable energy with the 35% by 2030? It does not. Renewable energy is defined within the statute and includes wind, solar, and biofuels. More information can be found at http://www.ilga.gov/legislation/fulltext.asp?DocName=&SessionId=88&GA=99&DocTypeId=HB&DocNum=2607&GAID=13&LegID=88134&SpecSess=&Session=

It is important to note that the Clean Jobs Bill, not to be confused with other energy bills, is the only bill that focuses on renewable energy while producing 32000 jobs per year.


Q: Will clean energy that has already been produced from existing systems be considered for auction? No. The RECs will only be from the contract date of the accepted bid moving forward.


Q: If I plan to install more solar panels in 2015, are IL rebates still available, or is it dependent on Governor Rauner's budget proposal? The program for the 2014/2015 fiscal year is closed. So any future rebate availability will depend on the budget proposal. However, consider the procurement events of 2015/2016 as potential funding sources.  This scenario strongly highlights why we need to pass the Clean Jobs Bill (HB2607/SB1485) as it will provide a way to raise the status of renewable energy to equal that of all other forms of energy. Thus, any perceived dependence on rebates and grants will be removed.


Q: Evidently the 2014/20­15 rebates were frozen. Is that still the case? At this time, rebate decision letters have gone out, clarifying which will be paid and informing the owners that no further extensions will be granted.


Q: When will the specific process of solar customers contracting to be paid for future SRECs in place of the Illinois DCEO Rebate program be rolled out?­ The first supplemental procurement will be June 18, 2015. Aggregators are already available. We have a list of preferred companies here http://www.illinoissolar.org/SRECTrade-FAQ


Q: Once the REC schedule is defined, can you post some investment payback time scenarios on the ISEA blog, including the declining block ­ to let people know what is a realistic investment outlook?

We will try, however, we don’t anticipate seeing any information on this until early to mid 2016.



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