This report provides a new cost-benefit analysis of the impacts of solar distributed generation (DG) on ratepayers in the service territory of Arizona Public Service (APS). The study shows that distributed solar generation (DG) and net energy metering will provide Arizona Public Service (APS) customers with $34 million in benefits each year.
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In 2012, the U.S. solar industry installed 3.3 GW of solar capacity, growing 76% over 2011's total. What happened in your state? Find out!
Renewable Portfolio Standards (RPSs) are a policy tool enacted by many states to stimulate growth of the renewable energy industry. They require utilities to generate or purchase a certain amount of their electricity from renewable energy within a specified time frame. If a utility does not meet this goal, they are often subject to a penalty known as an Alternative Compliance Payment (ACP). Renewable Energy Credits (RECs) are tradable credits which represent the electricity generated from a renewable resource that utilities can purchase to meet their RPS goal. Solar Renewable Energy Credits (SRECs) are a form of RECS that represent electricity generated from a solar system. RECs are subject to market dynamics with the set ACP effectively functioning as a price floor. RPSs are different in every state.
Rhone Resch, president and CEO of the Solar Energy Industries Association (SEIA), released the following statement today after the announcement that Congresswoman Gabrielle Giffords (D-AZ 8) would resign from Congress this week.