378 research outputs found
Recommended from our members
U.S. State Renewables Portfolio & Clean Electricity Standards: 2024 Status Update
This report provides an overview and status update on U.S. state renewables portfolio standards (RPS) and has been expanded from previous editions to also cover 100% clean electricity standards (CES) adopted by a growing number of states. The report, published in slide-deck form along with accompanying data files, describes recent legislative revisions, key policy design features, compliance with interim targets, past and projected impacts on clean electricity development, and compliance costs.
The 2023 edition presents historical data through year-end 2023 and projections out to 2050. Key trends from this edition of the report include the following:
-Evolution of state RPS and CES programs: States continue to refine and revise their RPS policies, often by adopting higher targets and/or broader CES policies. Among the 29 states plus DC with an RPS, 16 have RPS targets of at least 50% of retail sales, and 4 states have a 100% RPS. An additional 16 states have adopted a broader 100% CES.
-Historical impacts on renewables development: Almost half of all growth in U.S. renewable electricity (RE) generation and capacity since 2000 is nominally associated with state RPS requirements. That percentage has declined over time to 35% of all U.S. RE capacity additions in 2023, though in certain regions RPS policies continue to play a dominant role in driving RE growth.
-Future RPS and CES demand and incremental needs: The combined demand for clean electricity from RPS and CES policies will grow from roughly 500 TWh today to 1700 TWh by 2050. Accounting for current supplies—including existing nuclear and hydroelectric generation eligible for CES targets—RPS and CES policies will require 900 TWh of new clean electricity by 2050, equivalent to roughly 3x the historical rate of RPS-buildout.
-RPS target achievement to-date: States have generally met their interim RPS targets in recent years, with only a few exceptions reflecting unique, state-specific issues. Most CES targets are not yet in force, and so little compliance experience to-date.
-REC pricing trends: Prices for NEPOOL Class I RECs remained at roughly 35/MWh by year-end 2023 and surpassing ACP levels in some states. Prices for solar RECs remained relatively stable, and continue to exhibit wide variation across states, with the highest prices ($200-450/MWh) in NJ, MA, and DC.
-RPS compliance costs: RPS compliance costs average roughly 4% of retail electricity bills across RPS states, though vary widely from state to state, with the highest costs (11-12% of retail bills) in states with solar carve-outs and high SREC prices
Supporting Solar Power in Renewables Portfolio Standards: Experience from the United States
Among the available options for encouraging the increased deployment of renewable electricity, renewables portfolio standards (RPS) have become increasingly popular. The RPS is a relatively new policy mechanism, however, and experience with its use is only beginning to emerge. One key concern that has been voiced is whether RPS policies will offer adequate support to a wide range of renewable energy technologies and applications or whether, alternatively, RPS programs will favor a small number of the currently least-cost forms of renewable energy. This report documents the design of and early experience with state-level RPS programs in the United States that have been specifically tailored to encourage a wider diversity of renewable energy technologies, and solar energy in particular. As shown here, state-level RPS programs specifically designed to support solar have already proven to be an important, albeit somewhat modest, driver for solar energy deployment, and those impacts are projected to continue to build in the coming years. State experience in supporting solar energy with RPS programs is mixed, however, and full compliance with existing requirements has not been achieved. The comparative experiences described herein highlight the opportunities and challenges of applying an RPS to specifically support solar energy, as well as the importance of policy design details to ensuring that program goals are achieved
Recommended from our members
Distributed Solar 2020 Data Update
Berkeley Lab’s Tracking the Sun report summarizes installed prices and other trends among grid-connected, distributed solar photovoltaic (PV) systems in the United States. This report is now being published on a biannual cycle. In 2020, Berkeley Lab has released a more limited Distributed Solar 2020 Data Update, which consists of the same data otherwise published in Tracking the Sun report. The update includes data on more than 1.9 million systems installed through 2019, covering 82% of all distributed PV systems installed nationally through that timeframe.
As in prior years, the data update focuses to a large degree on installed prices reported for distributed PV projects, describing both historical trends and variability in pricing across projects.
-With respect to the historical price trajectory, national median installed prices fell, from 2018 to 2019, by roughly 1% for residential systems, remained essentially flat for small non-residential systems, and fell by 4% for large non-residential systems. Across all three customer segments, these are the slowest annual percentage declines since 2006-2008.
-Pricing continues to vary widely across individual projects, reflecting, among other things, differences in system sizing and design, installer-level pricing strategies, and local market conditions. For example, among residential systems installed in 2019, the lowest 20% were priced below 4.5/W. The distributions for non-residential systems exhibit similarly wide spreads.
In addition to data on installed prices, the data update also covers a broad range of trends related to distributed PV system design, including: system sizing, module efficiency, module-level power electronics, inverter-loading ratios, solar+storage installations, mounting configuration, panel orientation, third-party ownership, and customer segmentation
Recommended from our members
Tracking the Sun: Pricing and Design Trends for Distributed Photovoltaic Systems in the United States, 2021 Edition
Berkeley Lab’s annual Tracking the Sun report describes trends among grid-connected, distributed solar photovoltaic (PV) systems in the United States. The latest edition of the report focuses on systems installed through year-end 2020, and is based on data from roughly 2.2 million systems, covering 79% of all distributed PV systems installed nationally through 2020.
The report describes trends related to:
-Project characteristics, including system size, module efficiencies, prevalence of paired PV with storage, use of module-level power electronics, third-party ownership, mounting configurations, panel orientation, and non-residential customer segmentation ownership
-Median installed-price trends, including both long-term and more recent temporal trends at the national and state levels, with comparisons to other recent PV cost and pricing benchmarks as well as to prices reported for other countries
-Variability in pricing across individual projects based on system size, state, installer, module efficiency, inverter technology, and non-residential customer type
The report also includes an econometric analysis to estimate the effects of individual drivers on installed prices for host-owned residential systems installed in 2020
Recommended from our members
Income Trends among U.S. Residential Rooftop Solar Adopters
Berkeley Lab tracks and analyzes solar-adopter demographic characteristics. A central element of this work is an annual report describing income trends of residential solar adopters over time and across geographies. The report is based on household-level income estimates for single-family residential solar adopters across the United States, and is intended to serve as a foundational reference document for policy-makers, industry stakeholders, and other researchers interested in demographic trends among residential solar adopters. The report is published with an accompanying interactive data visualization tool that allows users to further explore the underlying data.
In addition to the annual report, Berkeley Lab also conducts targeted topical analyses on issues related to solar-adopter demographics and provides direct analytical support to organizations working to expand access to solar energy among low-to-moderate income households. Requests for analytical support may be submitted through this form: "https://docs.google.com/forms/d/e/1FAIpQLSfOauinm2NRF-9J39aDh3447F9FDTOsP3tpMHJLzH_orKoTpw/viewform" target="_blank">online form. 
Recommended from our members
Designing PV Incentive Programs to Promote Performance: A Reviewof Current Practice in the U.S.
In the U.S., the increasing financial support for customer-sited photovoltaic (PV) systems provided through publicly-funded incentive programs has heightened concerns about the long-term performance of these systems. Given the barriers that customers face to ensuring that their PV systems perform well, and the responsibility that PV incentive programs bear to ensure that public funds are prudently spent, these programs should, and often do, play a critical role in addressing PV system performance. To provide a point of reference for assessing the current state of the art, and to inform program design efforts going forward, we examine the approaches to encouraging PV system performance used by 32 prominent PV incentive programs in the U.S. We identify eight general strategies or groups of related strategies that these programs have used to address factors that affect performance, and describe key implementation details. Based on this review, we then offer recommendations for how PV incentive programs can be effectively designed to mitigate potential performance issues
Recommended from our members
Shaking Up the Residential PV Market: Implications of Recent Changes to the ITC
On August 8, 2005, the Energy Policy Act of 2005 (EPAct 2005) increased the Section 48 investment tax credit (ITC) for commercial photovoltaic (PV) systems from 10% to 30% of the project's 'tax credit basis' (i.e., the dollar amount to which the ITC applies), and also created in Section 25D of the Internal Revenue Code a new 30% ITC (capped at 2,000 cap on the residential credit, as well as the fact that most PV systems in the U.S. also receive cash incentives from state-, local-, or utility-administered PV programs, and that these cash incentives may reduce the value of federal tax credits in certain situations. That case study was subsequently revised in February 2007 to reflect new Internal Revenue Service (IRS) guidance. The findings of that case study, which are briefly recapped in the next section, remained relevant up until October 2008, when the Energy Improvement and Extension Act of 2008 extended both solar credits for an unprecedented eight years, removed the 2,000 cap on the residential ITC will have significant implications for PV program administrators, PV system owners, and the PV industry that go beyond the obvious market growth potential created by these more-lucrative federal incentives. These four areas include: (1) The financial implications of whether or not residential cash rebates are considered to be taxable income; (2) The role of low-interest loan programs and other forms of 'subsidized energy financing' under an uncapped ITC; (3) The degree to which taxable and nontaxable rebate levels might be reduced in response to the extra value provided by an uncapped ITC; and (4) The impact of an uncapped ITC on third-party financing and ownership models that are just beginning to emerge in the residential sector. The document concludes by highlighting a common thread that runs throughout: the need for PV program managers to understand whether or not their rebates are considered to be taxable income before they can react in an appropriate manner to the recent changes in federal solar policy and, if financing programs are offered, the need to understand whether the IRS considers these programs to be 'subsidized'. Finally, we note that this paper is based on current law; future legislative changes to the ITC could, of course, alter the conclusions reached here
Recommended from our members
Tracking the Sun: The Installed Cost of Photovoltaics in the U.S. from 1998-2007
As installations of grid-connected solar photovoltaic (PV) systems have grown, so too has the desire to track the installed cost of these systems over time, by system characteristics, by system location, and by component. This report helps to fill this need by summarizing trends in the installed cost of grid-connected PV systems in the United States from 1998 through 2007. The report is based on an analysis of installed cost data from nearly 37,000 residential and non-residential PV systems, totaling 363 MW of capacity, and representing 76percent of all grid-connected PV capacity installed in the U.S. through 2007
Recommended from our members
New Berkeley Lab Report Tracks a Decade of PV Installed Cost Trends
Installations of PV systems have been expanding at a rapid pace in recent years. In the United States, the market for PV is driven by national, state, and local government incentives, including upfront cash rebates, production-based incentives, requirements that electricity suppliers purchase a certain amount of solar energy, and Federal and state tax benefits. These programs are, in part, motivated by the popular appeal of solar energy and by the positive attributes of PV - e.g., modest environmental impacts, avoidance of fuel price risks, coincidence with peak electrical demand, and the location of PV at the point of use. Given the relatively high cost of PV, however, a key goal of these policies is to encourage cost reductions over time. Therefore, as policy incentives have become more significant and as PV deployment has accelerated, so too has the desire to track the installed cost of PV systems over time, by system characteristics, by system location, and by component. A new Lawrence Berkeley National Laboratory report, 'Tracking the Sun: The Installed Cost of Photovoltaics in the U.S. from 1998-2007', helps to fill this need by summarizing trends in the installed cost (i.e., the cost paid by the system owner) of grid-connected PV systems in the U.S. The report is based on an analysis of project-level cost data from nearly 37,000 residential and non-residential PV systems completed from 1998-2007 and installed on the utility-customer-side of the meter. These systems total 363 MW, equal to 76% of all grid-connected PV capacity installed in the U.S. through 2007, representing the most comprehensive data source available on the installed cost of PV in the United States. The data were obtained from administrators of PV incentive programs around the country, who typically collect installed cost data for systems receiving incentives. A total of 16 programs, spanning 12 states, ultimately provided data for the study. Reflecting the broader geographical trends in the U.S. PV market, the vast majority of the systems in the data sample are located in California (83%, by capacity) and New Jersey (12%), The remaining systems are located in Arizona, Connecticut, Illinois, Massachusetts, Maryland, Minnesota, New York, Oregon, Pennsylvania, and Wisconsin. The PV systems in the dataset range in size from 100 W to 1.3 MW, almost 90% of which are smaller than 10 kW. This article briefly summarizes some of the key findings from the Berkeley Lab study (the full report can be downloaded at http://eetd.lbl.gov/ea/emp/re-pubs.html). The article begins by summarizing trends related to the installed cost of PV systems prior to receipt of any financial incentives, and then discusses how changes in incentive levels over time and variation across states have impacted the net installed cost of PV to the customer, after receipt of incentives. Note that all cost and incentive data are presented in real 2007 dollars (2007/W) data are presented in terms of rated module power output under Standard Test Conditions (DC-STC)
Recommended from our members
Considerations for Emerging Markets for Energy Savings Certificates
Early experiences with energy savings certificates (ESCs) have revealed both their merit and the challenges associated with them. In the United States, there has been little activity to date, so any lessons must be drawn from experiences in Italy, the United Kingdom (UK), France, and elsewhere. The staying power of European examples, particularly in Italy, demonstrates that ESCs can help initiate more efficiency projects. Although a robust market for renewable energy certificates (RECs) has emerged in both the voluntary and policy compliance contexts in the United States, ESCs have yet to gain significant traction. This report looks at the opportunity presented by ESCs, the unique challenges they bring, a comparison with RECs that can inform expectations about ESC market development, and the solutions and best practices early ESC market experience have demonstrated. It also examines whether there are real market barriers that have kept ESCs from being adopted and what structural features are necessary to develop effective trading programs
- …