Under the Obama administration, the United States took on a climate leadership role. But President Trump has threatened to quit the Paris climate deal, and within minutes of his taking office on Friday, the White House website removed a discussion of the threat of climate change and replaced it with a commitment to eliminate cornerstone environmental policies. If the United States is willing to cede its role, however, there are plenty of countries happy to step up. Continue reading the main story World Ec
$ 1,000 sign up bonus + 2 cents / kWh premium on exported solar energy.
See DSIRE site below for list of participating utility companies in the TVA Interconnect and participating solar installers.
Projected growth in CO2 emissions driven by countries outside the OECDSource: U.S. Energy Information Administration, International Energy Outlook 2016Note: OECD is the Organization for Economic Cooperation and Development.Global energy-related carbon dioxide (CO2) emissions are projected to increase by one-third between 2012 and 2040 in EIA’s International Energy Outlook 2016 (IEO2016) Reference case, largely driven by increased energy use in countries outside of the Organization for Economic Cooperation and Development (OECD). The continuing increase in total emissions occurs despite a moderate decrease in the carbon intensity (CO2 per unit of energy) of the global energy supply.
EIA projects 48% increase in world energy consumption by 2040Source: U.S. Energy Information Administration, International Energy Outlook 2016The U.S. Energy Information Administration’s recently released International Energy Outlook 2016 (IEO2016) projects that world energy consumption will grow by 48% between 2012 and 2040. Most of this growth will come from countries that are not in the Organization for Economic Cooperation and Development (OECD), including countries where demand is driven by strong economic growth, particularly in Asia. Non-OECD Asia, including China and India, accounts for more than half of the world’s total increase in energy consumption over the projection period.Concerns about energy security, effects of fossil fuel emissions on the environment, and sustained, long-term high world oil prices support expanded use of nonfossil renewable energy sources and nuclear power. Renewables and nuclear power are the world’s fastest-growing energy sources over the projection period. Renewable energy increases by an average 2.6% per year through 2040; nuclear power increases by 2.3% per year.Even though nonfossil fuels are expected to grow faster than fossil fuels (petroleum and other liquid fuels, natural gas, and coal), fossil fuels still account for more than three-quarters of world energy consumption through 2040. Natural gas, which has a lower carbon intensity than coal and petroleum, is the fastest-growing fossil fuel in the outlook, with global natural gas consumption increasing by 1.9% per year. Rising supplies of tight gas, shale gas, and coalbed methane contribute to the increasing consumption of natural gas.
Electricity generation from renewable sources expected to grow 9% this yearSource: U.S. Energy Information Administration, Short-Term Energy Outlook, January 2016Electricity generated from utility-scale renewable plants is expected to grow by 9% in 2016, based on projections in the latest Short-Term Energy Outlook. Much of the growth comes from new installations of wind and solar plants and increases in hydroelectric generation after a relatively dry 2015. In 2016, electricity from utility-scale renewable sources is expected to account for 14% of the total electricity generated in the United States, with wind and solar contributing 5.2% and 0.8%, respectively.
Power generation from coal and natural gas expected to temporarily converge this springSource: U.S. Energy Information Administration, Electric Power Monthly, Short-Term Energy OutlookRepublished May 14, 2015, 2:00 p.m. to correct an error in the graphEIA’s most recent Short-Term Energy Outlook forecasts that the amount of electricity generation fueled by natural gas in April and May will total just 3.5% less than the projected amount of coal-fired generation. This convergence has occurred only once before, in April 2012, when natural gas fueled just 1.5% less generation than coal. Power generation from the two fuels is expected to rise at similar rates over the next couple months, and then diverge again later in the summer as demand rises and coal unit capacity utilization continues to rise.
Government and Utility Incentives You Can Cash in On While It Lasts
As a solar consultant marketing a very successful zero down bank-financed method of providing solar to customers who are interested in keeping the incentives for themselves, yet do not want to invest any of their own cash up-front, I revisited a community where we started the process with a customer around March 2016. My customer wanted to show others how well solar was working for him, so I set out to design a study to demonstrate typical benefits for someone in his community. What this evolved into is similar to an ATM machine with a catch – the solar panels have to be put on a home in a qualifying region with a sunny, structurally-adequate roof. Some shade is acceptable, but we need to measure the sunlight on your roof with a no cost roof inspection.
To keep it simple for now, we can determine if your house pre-qualifies for this by using Google Maps.
So here is the portion of the spreadsheet which calculates net system cost for this customer when I originally priced his project back in March 2013. I am leaving out details of his design so that this study remains installer, and technology-neutral.
The highlighted line is the market value of the SRECs as determined by broker pricing during March 2013.
Feel free to click on the chart to the right to view that system’s historical solar generation and real-time solar energy generation. On the live monitoring screen, you can click the button at the top right to request a customized, no-obligation, no cost proposal for your own home or by clicking here.
Next, I updated the date in the proposal generator, knowing that our materials and labor costs have not changed since that time (our company did not factor in the pennies’ worth of cost difference in the panels, if any), and the Federal Tax Credit also remained in place, and will for the time being, at least until Inauguration Day 2017 (see pictures below), at which point we will keep an eye on developments in the energy sector.
Note that we offer the ability to cash out the SRECs in advance which takes the risk out of SREC market volatility.
Why should you be concerned with SREC market volatility? Flett Exchange, an online market where you can sell your SRECs on the spot market or in advance under multi-year buy-outs, predicts that the NJ SREC market recently hit a high, ending a 4-year rally, and will decline steeply over the next 3 years.
Now, considering that the cost of the solar panels consists of 5% of the total installed cost of the solar power system, that would put the solar panel cost (for January 2017’s proposal) on this project at $ 1,624.
Let’s assume that solar panel costs drop 5% in this year and panel efficiency increases by a newsworthy 0.5% (that’s the amount that made headlines last year when Silevo came out with the most efficient panels), saving you a total of $ 81.20 on this project.
Now let’s assume you wait until 2019 to go solar. Instead of receiving $ 15,145 in SRECs, you will receive $ 8,261 in SRECs.
By losing $ 6,884 in SREC incentives, in the example above, the net system cost increases from $ 7,589 to $ 14,473 !
By waiting two years to go solar:
You save $ 162.40 in materials cost
You could lose $ 6,884.00 in incentives (not including potential loss or reduction of 30% ITC)
This is speculative, but it’s based on recommendations that Flett Exchange makes to investors, including institutional investors.
This makes NOW the best time to go solar. Net prices (after incentives) are close to their 4-year lows and will most likely go up from here.
(And we didn’t even calculate the opportunity cost of waiting in terms of the money you won’t save on your utility bill without solar over that time period, which is calculated below.)
Why hesitate when this is the chance of a lifetime to protect yourself from rising energy costs, inflation, and become energy independent at no up-front cost out of pocket while securing fantastic returns and protecting the environment, a legacy you can pass on to future generations.
It’s worthwhile to take 20-30 minutes to evaluate what’s in it for you, right?
Or call / text me at: 443-864-3072
Relax, regardless of the signs below, once you go solar, and we cash out your SRECs for you, the government cannot them away from you, but you have to lock-in your promotions and incentives soon!
Example of Savings from Energy Costs:
Assume electric power bill now costs $ 165 / month, but that will increase with time as rates go up.
After spending $ 0.00 down on a solar power system, your monthly payments for the solar power system will be: $ 138.00 / month – fixed!
Your new utility bill will be: $ 8.00 / month.
The combined cost of the solar panels and new utility bill is already less than what you are paying now for electricity, but with solar, you pay off the panels and own them. What do those monthly payments to the electric utility company get you?
Add to that, thousands in incentives and credit for excess energy exported to the utility grid:
On the months where solar production is greater than your consumption, your meter spins backwards and you receive full credit from your utility company in a process known as net metering. Your unused credit balance carries forward to the next month.
On months where your consumption is greater than your solar generation, you use those net metering credits and you won’t get charged by your utility company until the credits run out. If / when you do run out of credits, you simply buy energy from your utility company at your normal rates like before, just alot less energy.
In other words, the net metering agreement with your utility company is like having a free storage battery for your extra solar energy!
This could have happened in the USA over the past 60 years if not for political obstructionism…
A new study released in the journal Energy and Environmental Science by MIT and the National Renewable Energy Laboratory looks at factors driving cheap(er) Chinese made solar panels. By David Wogan on September 10, 2013 Share on Facebook Share on Twitter Share on Reddit Email Print Share via Google+ Stumble Upon A new study released in the journal Energy and Environmental Science by MIT and the National Renewable Energy Laboratory looks at factors driving cheap(er) Chinese made solar panels. What they foun
III-V/Si multi-junction solar cells developed at Ohio State University undergo illuminated current-voltage testing.
The solar cells found in today’s typical photovoltaic (PV) solar panels convert about 20% to 23% of the light that passes through them into electricity, leaving nearly 80% of the their possible energy conversion behind.
Read more at the source here:
The Young Turks: Virginia man responds thoughtfully when asked if immigrants are taking coal jobs. By Adam Mordecai
Meet Nic Smith. He’s got some powerful things to say. Nic, who works at a Waffle House in Virginia, comes from a long line of union coal miners. His grandfathers were coal miners. His great-grandfathers were coal miners. Cousins, uncles, you name it. However, the coal industry has been shedding jobs for a while now. And, while President-elect Donald Trump has promised to bring all those coal jobs back, Nic isn’t buying it. In the video below, he lays out the facts pretty clearly as to why. Really bluntly.If you don’t have time to watch all of his powerful answers, here are the highlights of what Nic had to say: “Coal’s not coming back.”Yeah, Trump has claimed he’s going to bring back all the coal jobs. But according to experts, those jobs are just not coming back, between automation of systems and lower demand for the polluting energy source. From 2008-2012 alone, the coal industry lost almost 50,000 jobs while natural gas, wind, and solar all had huge gains in the same time period.2. “Ain’t no damn immigrant stole a coal job. I’ll tell you that right now.””Even if they did,” he continued, “would you be blaming the immigrants or the people that hired them? The only reason they’d hire an immigrant over an American citizen is if it benefits their wallets.” He’s right. The reality is that uneducated immigrants are vying for different jobs than American workers.3. “I do $2.35 an hour plus tips. … We need $15 an hour.”In a second video, Nic explains how little he earns, by waiting tables at the local Waffle House. He makes $2.35 per hour plus tips, unless those tips are less than minimum wage, then he makes $7.35 per hour. He’d make more as a cook on the grill on most nights than he does as a waiter, but even that isn’t enough to support himself. It’s only $15,000 per year.In Dickenson County, Virginia, where Nic lives, 1 in 5 people live below the poverty line, and the average income is barely half that of the rest of Virginia.4. “[Trump supporters] are desperate to believe in something.”The reason many blue-collar workers and low-income people in the coal industry voted for Trump? “There’s 80% [of people], they’re struggling day to day,” Nic says. “The only industry they’ve got there is coal, and they’re trying to hold onto what little bit there is. And they really don’t care what it takes to keep that industry there or bring it back. If there’s one thing Nic hopes people take away from his interview, it’s that we can’t ignore people in dying industries.”If we invested in Appalachian people and helped diversify the economy, these people would stop clinging to coal,” he says. “There is a culture-wide Stockholm syndrome we have with the coal industry, and people don’t get that.”
At the core of a counter-Trump revolution is a healthy planet—an Earth that is climatically stable, verdant, productive, and biologically diverse. Forced migrations, civil war, human suffering and grinding poverty are all at risk of escalating as our carbon pollution makes the climate unstable and violent, as soil erosion, river diversion and aquifer depletion restrict food production and fuel inter-ethnic tensions, as wild fisheries are overexploited and native ecosystems are degraded and destroyed.
A leading US Republican says she fears for the future of her seven grandchildren with Donald Trump in the White House.
Christine Todd Whitman, head of the US Environmental Protection Agency (EPA) under George W Bush, accused Mr Trump of ignoring compelling science.
And she warned that his threat to scrap climate protection policies puts the world’s future at risk.
Ms Todd Whitman was interviewed on Trump’s likely policies for a documentary – Climate Change: the Trump Card – which airs on BBC Radio 4 at 20:00 on Tuesday.She said: “I find it very worrisome that there seems to be a disdain for the science on protecting the environment.”I worry terribly for the future of my family and families round the world because Mother Nature has never observed geopolitical boundaries and what one country does really does affect another country.”To walk away from something where you have 97% of scientists saying this is occurring and people have an impact on it … it’s gotten to the point where we’ve got to try to slow it down if we’re going to survive it.”Image copyrightAPImage captionThe coal mining industry is hopeful that Trump’s White House will support itShe argued that Mr Trump was betraying a Republican heritage of conservation. George Bush Snr signed the UN Framework Convention in Rio in 1992. Abraham Lincoln, she remarked, was the first president to protect public land and Richard Nixon established the EPA.”Conservation is inherently conservative,” she said. “I hope to be proven wrong by Mr Trump but you have so many multi-millionaires from the oil industry in his Cabinet.”We want to have power and be energy independent but the problem is doing it in a balanced way to protect health and the environment. But from Trump’s view it doesn’t seem to enter the equation.”