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Renewable Energy Tax Credits News Briefs - October 2014

In mid-August, the U.S. Department of Energy (DOE) released the 2013 Distributed Wind Market Report and the 2013 Wind Technologies Market Report. The report quantified and summarized the 2013 U.S. distributed wind market. DOE said the information could help plan and guide future investments and decisions by industry, utilities, state and federal agencies and other interested parties. The market report found that on a per project basis in 2013, industrial and commercial applications accounted for 20 percent of the U.S. distributed wind deployed in 2013, while residential applications accounted for 40 percent, agriculture accounted for 26 percent, and government and institutional accounted for 14 percent. DOE reports that $15.4 million in federal, state and utility incentives were awarded to distributed projects. The market report says that in 2013 30.4 megawatts (MW) of new distributed wind capacity was added, representing nearly 2,700 units across 36 states, Puerto Rico and the U.S. Virgin Islands. The technology report provides an overview of developments and trends in the U.S. wind power market, with a particular focus on 2013. The technology report found that wind power additions stalled in 2013, with only 1,087 MW of new capacity added in the United States and $1.8 billion invested. In addition, wind power represented 7 percent of U.S. electric-generating capacity additions in 2013, with California installing the most capacity in 2013 with 269 MW. Both reports are available at www.energytaxcredits.com.

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The American Wind Energy Association (AWEA) released its Wind Industry Second Quarter 2014 Market Report Aug. 4. The report found that the U.S. wind energy industry installed 835 MW during the first half of 2014. A total of 15 wind energy projects have been completed and gone online since the start of the year, adding 217 MW in the first quarter and 619 MW in the second quarter. In addition, the report found that there are more than 14,000 MW of wind currently under construction. According to AWEA, as of June 30, installed U.S. wind generating capacity was 61,946 MW. Tom Kiernan, chief executive officer of AWEA, said in a press release that the wind power can be double by 2020 and doubled again by 2030, if Congress extends the production tax credit. The report is available at www.awea.org.

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The Solar Energy Industries Association (SEIA) released its report, “Q2 2014 U.S. Solar Market Insight Report” on Sept. 4. The report found that 1,133 MW of solar photovoltaic (PV) was installed in the United States in the second quarter. SEIA also found that 53 percent of new electric generating capacity in the U.S. in the first half of 2014 came from solar energy. Rhone Resch, SEIA’s president and chief executive officer (CEO), said in a press release that the solar industry employs 143,000 Americans and contributes nearly $15 billion a year into the U.S. economy. In the statement, he attributed the growth to smart and effective public policies such as the solar investment tax credit (ITC), net energy metering and renewable portfolio standards. The report is available at www.seia.org.

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On Sept. 4, N.Y. Gov. Andrew M. Cuomo announced the K-Solar program, which is designed to help public school districts throughout New York lower energy costs. The K-Solar program involves 40 school districts that represent nearly 200 schools across 24 counties. The program will provide schools with the tools, technical expertise and the access to financing needed to make solar energy an option for K-12 schools. New York State Energy Research and Development Authority (NYSERDA) will administer the K-Solar program. K-Solar is a joint partnership between the New York Power Authority (NYPA) and the NYSERDA working with the New York State Education Department. NYSERDA will work closely with school districts and the solar industry to secure solar financing, and these services will be free to schools. The deadline for responding to the request of qualifications from developers who would install solar panels on school buildings is Oct. 9.

Journal Category:

Renewable Energy Tax Credits

Authors:

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