At the urging of the Solar Energy Industries Association (SEIA) and other stakeholders, the Colorado Public Utilities Commission (CPUC) today approved a settlement that will reopen the company’s highly popular Colorado small residential and medium-sized Solar*Rewards solar programs until the state’s 2014 Renewable Energy Standard (RES) Compliance Plan is finalized later this year.
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Xcel Energy, COSEIA and SEIA agree to add capacity for solar installations
Calling it “critically important,” the Solar Energy Industries Association (SEIA) is applauding “commence construction” legislation introduced today by Sen. Michael Bennet (D-CO) and Sen. Dean Heller (R-NV). Their bipartisan legislation would allow America’s solar energy companies to make full and effective use of the Investment Tax Credit (ITC).
This webinar was an opportunity to review the results and progress of renewable energy bills in states that SEIA is active or monitoring. These states include Massachusetts, California, Arizona, New Jersey, Colorado, New York, Texas, and Nevada. While many of these states legislative sessions had concluded, and final results of bills are available, some were still in session – and status updates were provided.
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.
Obama Signs Economic Recovery Legislation; Solar Industry Poised to Create 110,000 Jobs over Next Two Years
Solar Energy Industries Association (SEIA) President & CEO Rhone Resch today commended President Obama for signing the American Recovery and Reinvestment Act into law in Denver, Colorado and commented on how it will help stimulate the solar industry immediately.