Stop The BS. Sometimes I don’t point out articles that are filled with bias especially when a position of influence is used to portray a motive as an opinion. First, there is no reality where solar or wind are better off without the tax credit. Second, if you think that your sponsor capital will be cheaper without the tax equity structure, don’t use it. There are some in solar that think that the ITC going away will make financing easier, those people should go sell mortgages. Others are afraid that solar asking for the ITC and not getting the extension would be a failure. I look at it more pragmatically. I want the ITC to be as close to 100% as possible. I want it to last in perpetuity if I can influence that legislation. If I were writing an article purely based on motive, I would ask for a 50% ITC with a cap of $20k. It would shave the cost of the ITC by 90% to the taxpayer and residential would thrive. Except that this market requires us all to be on the same page, creating volume for the same supply chain and creating funding for the associations that lobby for our market to exist. If you have an urge to write an opinion piece on the topic, send an email to your college roommate that promptly throws it away.
You Have To Fight, For Your Right. The California Senate passed the Solar Bill of Rights through committee by a vote of 11-0. The nice part about it is that the legislative support largely came from the homeowners that bought solar from installers. This is a proof of concept that could catapult the Solar Rights Alliance into great funding opportunities and more coverage across the Country.
Cheaper Debt Is Good. Few things get me excited as much as lower coverage ratios. Every time I see debt closings use the revenue put from kWh Analytics I think of the other things that could also make solar projects get more capital efficient.
MidWest Solar. Catch me at the upcoming Midwest Solar Expo where I’ll be sitting with State PUC Commissioner, Katie Sieben and a great conversation with an executive from Xcel Energy. I will also be attending The Energy Fair for their 30th anniversary, this will be a special interview with a great speaker we will reveal soon!
- Greentech Media: US Wind Market Will See More Investors and Cheaper Capital Without the PTC
- San Francisco Chronicle: ‘Solar Bill of Rights’ advances in California Legislature
- Bloomberg: AES Solar Farms Now Have Insurance to Hedge Against Cloudy Days
- Think Progress: Minnesota’s Green New Deal bill is powered by young activists
- PV-Tech: Minnesota’s Green New Deal bill is powered by young activists
- Utility Dive: California utilities support centralized renewables procurement proposal, but urge caution
- Renewable Energy World: Understanding ‘safe harbor’ for extending your 30 percent solar ITC qualification
- GreenBiz: Walmart inches toward audacious Project Gigaton goal
Opinion
Have a great day!
Yann