Back in April, President Obama signed the JOBS Act and one of the most-heralded elements was so-called crowdfunding. The law sought to solve a major problem: it’s hard to finance small-scale business ventures. Wall Street only cares about multi-million dollar plays and securities regulations make small-dollar projects rather difficult (and costly) to jointly fund. The Act … Read More
In the past five years, a new U.S. renewable energy policy has quietly grown more popular, enabling enough solar power (1.21 gigawatts!) to send Michael J. Fox “Back to the Future.” CLEAN programs – Clean Local Energy Accessible Now – have been adopted in 14 states and can significantly increase the deployment of local solar power, says a new report from the Institute for Local Self-Reliance (ILSR).… Read More
After effectively suspending residential PACE energy efficiency and renewable energy municipal financing programs in 2010 and then being taken to federal court and required to do a revised rule making, the Federal Housing Finance Agency (FHFA) released its revised ruling on PACE programs [pdf] today. Did they repent from their 2010 assertion that PACE presented a … Read More
Energy and Environment News has a very long story on a new angle for the federal wind tax credit debate: a phaseout. This article raises several issues, apart from that policy strategy, that are worth a quick discussion. 1. Why Would Wind Compete with Natural Gas? The article waxes long about the trials of the wind … Read More
This report from the Institute for Local Self-Reliance identifies all of the existing CLEAN (Clean Local Energy Accessible Now) programs in the United States (also known as feed-in tariffs) and examines the lessons learned from the early adopters. Download the report [pdf] Read the ebook version Executive Summary CLEAN programs (Clean Local Energy Accessible Now) provide … Read More
This report, done for the Solar Works for Minnesota campaign, explores the value of solar power on schools, libraries, and other public buildings in Minnesota. It was co-authored by John Farrell of ILSR and Christina Mills of IEER. Download the Report Highlights Minnesotans spend more than $20 billion dollars every year on these energy imports. With … Read More
The state of Colorado passed a law in 2011 to solve the problem of inconsistent and expensive solar permitting costs. A national study recently found that local permitting can increase the cost of residential solar by 15-20%, a problem that becomes more pressing as the cost of solar hardware falls. Colorado’s Fair Permit Act (HB 1199) … Read More
The state of Vermont has come up with a good rule for reducing the cost of solar power installations. A national study recently found that local permitting can increase the cost of residential solar by 15-20%, a problem that becomes more pressing as the cost of solar hardware falls. Vermont’s rule shifts the burden of permitting … Read More
After Wall Street popularized the term “mortgage-backed securities” in their destruction of the economy in 2008, you could be forgiven for thinking “solar securities” are a pyramid scheme. But in truth, they may hold the key to democratizing the financing and the ownership of distributed renewable energy. Right now, financing solar typically means looking for a … Read More
