dkeirstead

CMC

o Introduction to Solar 101Snapshot of Nevada’s current solar policy

Rose McKinney-James, Solar Alliance Lobbyist

Introduction to Solar Energy Overview of solar energy technologies Nevada’s solar potential

Claudia Eyzaguirre, Vote Solar

o Customer Options for Going SolarFinancing options and the price of solar

Annie Carmichael, SunEdison

o Current Snapshot of Solar in Nevada Chris Brooks, Bombard Electric

o What Does Solar Energy Provide to Nevada? Jobs and economic development

Leslie Bar-Ness, Solyndra

o Interactive Q&A session

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o Renewable Portfolio Standardo 25% renewables by 2025. 6% of that is solar (by 2015)

o Solar Generationso NV Energy’s rebate program for residents, public

buildings and schools (25MWs released in 2010-11!)o Net Metering

o Billing arrangement that allows customers to meet onsite energy demand with solar and ‘bank’ any excess energy on the grid.

o 1% of all customers are allowed to net meter. Individual projects capped at 1MW.

o Most of the solar energy is consumed on-site.o 3rd Party Ownership of Solar Systems explicitly

allowed

o Tax Policieso 50% property tax abatement and a reduction in sales tax for systems over 10MW in size. E-3

Solar panels on a residential tile rooftop in Las Vegas (7 kW)

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Private residence  Reno 4  kW 

Private residence North  Reno 10 kW 

Photos Courtesy of Hamilton SolarE-5

Nevada State Capitol Building Carson City

5kW

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PBS Technology CampusLas Vegas

182kW

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Lied Animal Shelter Las Vegas

36kW

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Spring Preserve Las Vegas

400kW

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Nellis

Air Force Base Las Vegas14.2 MW

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Nevada Solar OneE-11

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World Class Solar Resource

For comparison: Germany world biggest solar market

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Module Prices (50% of the cost of a system) Plummet

Solar Prices Continue to Fall

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The lowest retail price for a

multicrystalline silicon solar module is $1.85 per watt as

of Feb 2011

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Solar - $0.9-

$0.15/kWh

Copyright of Lazard Capital, June 2010 – Do not redistribute E-18

1.

BUY

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If you’ve got a enough cash to cover the upfront costs, or can take out a home equity line of credit. Money down, immediate energy savings

2.

“SOLAR SERVICES”

MODELS1.

LEASE-

It works like this: you put some money down, typically around $1,000-

2,000, and agree to a 10,15 or 20-year agreement. The company installs PV panels on your roof and the lease covers all

maintenance costs, including inverter replacement. You pay them a fixed rate for the electricity that’s produced by the panels. Little Money Down, Immediate Energy Savings.

2. POWER PURCHASE AGREEMENT (PPA) -

A third-party developer owns, operates, and maintains the photovoltaic (PV) system, and a host customer agrees to site the

system on its roof or elsewhere on its property and purchases the system’s electric output from the solar services provider for a predetermined period. No Money Down, Immediate Energy Savings E-19

“The growth in third-party ownership implies that third-party financing may have resolved financial barriers

of the high initial cost to expanded growth of PV into the residential market”

California Public Utility Commission1

Market share of Power Purchase Agreements & Leases in residential solar in California2

1 Itron Study for the California Public Utility Commission, CSI 2009 Impact Evaluation, July 2010, p. 8.

2 California Public Utilities Commission’s California Solar Initiative (CSI) statistics. E-20

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Distributed Generation Solar EnergyAbout 38 MW Installed

o 28.05 MW (DC STC) non Renewable Generations of grid tied, distributed PV, including LVVWD, SNWA and Nellis

AFB

o 9.73 MW (DC STC) of Renewable Generations rebated projects

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127 MW in operation and another 100 in development = 227MW total

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o Solar creates more jobs per MW than any other energy source*

o Solar jobs range from electricians, builders, contractors, engineers, technicians, financiers, lawyers to marketers and salespeople

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o Each megawatt (MW) of photovoltaic (PV) panels manufactured in the US employs 14 people.

o Each MW of PV installed on homes in the US employs 14.3 people.

o Each MW of PV installed on commercial buildings employs 9 people.

o Each MW of PV maintained employs .3 people.

Each MW of solar made and installed in the USA directly creates 25 well-

paying jobs and indirectly supports and induces an additional 63 jobs.

Data from the Solar Energy Industry AssociationE-25

Diverse Solar Jobs

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o Wages, salaries, sales and property tax are reinvested into the state economy, creating a new economic engine for Nevada.

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