The World's #1 Renewable Energy Network for News, Information, and Companies.

The California Solar Initiative -- Triumph or Train Wreck?

Since its passage in August of 2006, the California Solar Initiative (CSI) has been touted as the best solar program in the U.S., and even one of the best in the world. Indeed, the $3 billion performance-based incentive program designed to bring 3,000 megawatts (MW) of solar to California over the next ten years is unprecedented in this country. However, while the CSI looks good in theory, the program has drastically slowed the residential and commercial markets in California and threatens to seriously damage the state's solar industry, according to a report released today from SunCentric Incorporated.

The authors of the report, SunCentric President Glenn Harris and Vice President Shannon Moynahan, have closely studied the CSI over the last eight months and put together this new report on how the program has impacted the California solar industry.

The authors' findings suggest that if the program continues down its current path, the state's solar industry faces an unsustainable future. The report identifies key problems in both the residential and commercial markets and offers solutions to fix those problems to ensure that the CSI is successful.

Excerpt from the Introduction

"The California Solar Initiative (CSI) program has completed its first eight months in business—and the results are in. Some of the early achievements of the program are impressive, like the 140 MW of non-residential reservations, the acceptance of performance based incentives by non-residential consumers and the rise of third party financial companies.

However, some of the results are extremely disappointing with only 14 MW of residential reservations issued and an ongoing, nightmarish transition for residential solar businesses to the CSI. Megawatts reserved don’t tell the whole story and are not the best indicator of the overall performance, or of the short term or long term outlook for the CSI. Watch the tracks ahead because we believe that in this version of the 'Little Engine That Could,' the engine might just run out of steam.

In our year to date review, we’ll show some of the early results for the CPUC’s CSI program and contrast these results to the previous programs. We’ll highlight the residential and non-residential programs, with an eye on not only the megawatts, but on the program’s achievement of some of these initial goals. We’ll also make a few predictions and some practical recommendations."

Download the 18-page report below.

RELATED ARTICLES

First Anniversary of The Balkan Floods Highlights Renewable Energy Market Opportunities

Ilias Tsagas, Contributor One year ago this month, severe flooding in Serbia, Bosnia-Herzegovina and Croatia killed 79 people, displaced about half a million and caused economic paralysis of the region. In the wake of these the catastrophic events, ...
Canadian Climate Goals

Canada Announces Weak Climate Target

Danielle Droitsch, NRDC Last week, Canada has announced its contribution to the global effort to reduce greenhouse gases by announcing its post-2020 target. The target announced today is off-track to the 80 percent cut by 2050 they committed to in...
Renewable Energy Stocks

What Drives Alternative Energy Stocks?

Harris Roen, The Roen Financial Report Alternative energy became a serious market player after the turn of the millennium. Since that time, solar, wind, smart grid and other alternative energy stocks have experienced both strong up and down trends. The forces at...
Rooftop Solar Panels

Hypocrisy? While Buffett Champions Renewables, His Company Fights Rooftop Solar

Mark Chediak, Noah Buhayar and Margaret Newkirk, Bloomberg Warren Buffett highlights how his Berkshire Hathaway Inc. utilities make massive investments in renewable energy. Meanwhile, in Nevada, the company is fighting a plan that would encourage more residents to use green power.

CURRENT MAGAZINE ISSUE

03/01/2015
Volume 18, Issue 3
file

STAY CONNECTED

To register for our free
e-Newsletters, subscribe today:

SOCIAL ACTIVITY

Tweet the Editors! @megcichon @jennrunyon

FEATURED PARTNERS



EVENTS

EU PVSEC 2015 (European PV Solar Energy Conference and Exhibition)

The EU PVSEC is the largest international Conference for Photovoltaic re...

Sponsor/Exhibitor: MIREC Week 2015

Solectria, Pillar, and Variadores together are co-Silver Sponsors! Come ...

More Power, More Profit Tour - San Diego

Register for the SMA More Power, More Profit Tour for free, in-person sa...

COMPANY BLOGS

EU PVSEC 2014 extends its Scope

Added focus on application and policy topicsAbstracts for conference con...

EU PVSEC 2014: Call for Papers Receives Great Response

More than 1,500 contributions apply for presentation in AmsterdamScienti...

Boulder County Residents Generate Their Own Energy with Community S...

Despite a soggy afternoon, solar energy advocates gathered at ...

NEWSLETTERS

Renewable Energy: Subscribe Now

Solar Energy: Subscribe Now

Wind Energy: Subscribe Now

Geothermal Energy: Subscribe Now

Bioenergy: Subscribe Now  

 

FEATURED PARTNERS