We need to have “the talk” about solar power and equity, because ignoring uncomfortable questions will invite misinformation and bad decisions. We need an informed dialogue about how local solar power can impact low-income communities and communities of color in the U.S. We need to talk about “all the good things, and the bad things, that may be.”
First things first: the price of solar panels has fallen by 80 percent since 2008. This significant decrease in cost, coupled with incentives such as net metering which allow customers to send the energy they produce from their solar systems back to the grid and receive a credit on their bill, and the emergence of new financing models like solar “leasing” programs, has led to an explosion of local solar in the U.S.
We now boast an estimated 20 gigawatts of solar energy nationwide (enough to power more than four million U.S. homes), and the United States added more solar capacity in the past two years than in the previous 30 years combined. In fact, as President Obama highlighted in his State of the Union address, “every three weeks, we bring online as much solar power as we did in all of 2008.”
By: Matt Golden, Senior Energy Finance Consultant
The Investor Confidence Project (ICP), an EDF initiative designed to unlock investment in energy efficiency, is making progress toward completing a credentialing system that would provide third-party validation of an energy efficiency project. The latest development is the Project Developer Credential, the second of three in the ICP credentialing system.
ICP is accelerating the development of a global energy efficiency market by standardizing how projects are developed and energy savings are calculated. The ICP system includes a set of protocols for developing energy efficiency projects as well as a credentialing system.
The Project Developer Credential is given to those developers who are able to properly deploy the ICP protocols when undertaking an energy efficiency retrofit. This latest development is an important step forward for investors of all types, especially building owners, who can now select developers from a growing list of credentialed providers. Read More
EDF’s Innovators Series profiles companies and people across California with bold solutions to reduce carbon pollution and help the state meet the goals of AB 32. Each addition to the series will profile a different solution, focused on the development of new technology and ideas.
By: Anna Doty, West Coast Policy Associate
Emily Kirsch calls herself a “solar-lifer.” Kirsch came onto the solar scene by way of former Obama advisor Van Jones’ green jobs campaign in Oakland. Now, as the co-founder and CEO of Oakland-based SfunCube—the world’s only solar-exclusive start-up business accelerator—Kirsch is growing California’s clean economy in an entirely new way and she knows the future of solar is bright.
Nestled in the heart of downtown Oakland, SfunCube—Solar for Universal Need—is supporting a growing “solar ecosystem” of the most promising solar startups that are making the San Francisco Bay Area the nation’s epicenter for solar innovation and entrepreneurship. Recently, I had the opportunity to talk with Emily Kirsch and some of the solar pioneers who are working at SfunCube to make universal access to solar a reality in California, throughout the US, and around the world.
In California today, there are over 1,889 solar companies that are part of the solar supply chain, creating more than 50,000 jobs—roughly a third of all the solar jobs in the country—and that is no coincidence. Read More
Why invest? To make money.
People don’t invest in an industry to save the world or promote a cause; they invest because they believe the amount they put in will ultimately be returned to them as a much greater sum.
You’ve got to spend money to make money and, when it comes to clean energy, there is a lot of money to be made. Here are five reasons clean energy investment will continue its positive performance in 2015 and beyond.
1. Clean energy investment has been – and continues to be – on the rise
Recent buzz around clean energy investment has centered on a new Bloomberg New Energy Finance (BNEF) report detailing the global clean energy industry’s strong 2014 investment results, results that even “beat expectations”. While 2004-2014 saw an extended recession and high unemployment for the global economy, clean energy investment grew five-fold during those 10 years, up from $60.2 billion in 2004 to an impressive $310 billion this past year, according to BNEF. Read More
As the Texas legislative session begins ramping up, I am reminded of smart policies from sessions past that holistically benefit Texas, had bipartisan support, and brought unlikely allies together. As we head into the session, it’s important to remember that no matter which side of the aisle you are on, clean energy solutions make sense for Texas – economically and environmentally.
This week, Environmental Defense Fund and R Street Institute, with support from Google, hosted a breakfast roundtable at the Texas Capitol to highlight one of those bills. The panel highlighted the potential for Property-Assessed Clean Energy (PACE) and other commonsense, market-driven financing policies to be game-changers for accelerating the deployment and adoption of clean energy resources and water conservation practices across the state of Texas.
PACE, an innovative financing tool that allows people to repay loans for clean energy projects (like rooftop solar and energy efficiency upgrades) through their property tax bill, has the potential to unlock a considerable amount of private funding for clean energy projects in the state. This agreement simultaneously offers building owners cheaper financing options and lenders secure repayment terms. With benefits for all, it’s no wonder the PACE bill passed last legislative session with support from both sides of the aisle, environmental groups, and industry alike. Read More
Since Hurricane Sandy exposed the vulnerability of New Jersey’s antiquated power grid, the state has been investing heavily in enhancing the grid’s resilience and promoting clean energy technologies to upgrade to a smarter, more flexible system that can keep people safe and warm when they need it most.
However, as I explain in my NJ Spotlight op-ed published today, limited public funds alone will not be enough to build the state’s clean energy future.
Private capital investment is key to establishing the large-scale, clean energy markets needed to ultimately save customers money, increase grid resiliency, and slash harmful pollution.
New Jersey has already made a step in the right direction with the launch of the Energy Resilience Bank, which was set up with $210 million of federal funds to finance resilient energy systems operating the state’s critical infrastructure, such as hospitals and long-term care facilities. Read More