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Nevada Extends Tax Credits for Renewables & Increases RPS


June 02, 2009  |  4 Comments

Nevada's Governor Jim Gibbons has signed two new solar energy bills into law. The first, AB 522, extends tax abatements for renewable energy power plant development. The second, SB 358, increases the state's renewable electricity targets and makes some improvements to the SolarGenerations rebate program.

Summary of primary solar provisions in AB 522:

  • Extends and enhances sales and property tax abatements for wholesale renewable energy projects in Nevada above 10 MW in size.
  • Establishes a fund for low interest loans to build renewable energy projects authorized by the American Recovery and Reinvestment Act.

Summary of primary solar provisions in SB 358:

  • Requires that the state’s investor-owned utility generate 25 percent of its energy from renewables by 2025 (increased from 20 percent by 2015).
  • Requires that 6 percent of the RPS come from solar resources beginning in 2016, an increase from 5 percent.
  • Establishes a 30 day application approval process for the state’s SolarGenerations rebate program. Eligibility capacity and categories for the program remain at 1 MW for schools, 760 kW for public buildings, 1 MW for residential and small commercial under 30 kW).
  • Establishes additional rebates for 2 MW of solar at schools.

Solar advocates from the Vote Solar Initiative, the Solar Alliance and the Large-scale Solar Association (LSA) said that AB 522 represents a great step forward for Nevada, but the groups said improvement need to be made to SB 358 before Nevada can take full advantage of solar energy.

“Through the process of passing SB 358, Senator Horsford, Senator Schneider, Assemblywoman Kirkpatrick and Assemblyman Conklin demonstrated that building a new solar economy in Nevada is a clear priority," said Julia Curtis of Sharp Solar, elected Solar Alliance's lead for Nevada. “Unfortunately, the bill in its final form falls short of creating a robust rooftop and small scale solar market. The 5 percent distributed solar carve-out we supported would have created upwards of 6,700 jobs in the state by 2020. We look forward to working with policymakers to ensure a more comprehensive solar program in the future."


4 Comments

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Bob Tregilus
Bob Tregilus
June 3, 2009
Unfortunately, I only figured out what feed-in tariffs (FITs) were in late December of 2008 and there wasn't time to build a coalition to support passage of legislation in Nevada's short, 120 day, legislative session. So we wait for the 2011 session, which will give us time to build wide support for a FIT law in Nevada. Join us - http://ElectricNevada.org > click "Renewable Energy Payments Initiative" in the menu bar.
ANONYMOUS
June 3, 2009
Waht would you expect from a captive transmission service provider? There wil be no benefit provided from the state or federal government that the independent power generator will obtain if the utility can "suck it out" during their power contract negotiations. This is a proven fact.

Answer: A strong GEA where the utilities are NOT allowed to particpate since they are preditory and obvioulsy in sync with the state. It is not illegal or even illogical for the process the way it is and it makes perfect sense for both the state and the utiliy, but the collusion is perhaps unethical. Then again, who cares about ethics as Wall Street has proven.
ANONYMOUS
June 3, 2009
SSDD (Same S*%t, Different Day)
ANONYMOUS
June 2, 2009
I worked on SB 358 as a non-paid lobbyist, and unfortunately the final result is not good for consumers in Nevada. NV Energy's lobbyists clearly won the day.

Rather than increasing funding, NV Energy succeeded in getting a net reduction in rebate funding while allowing for a 9% increase in rebate availability annually. When rebates go in just 38 minutes for the whole year, I doubt 9% is going to have much of an impact.

In addition, NV Energy was able to get provisions enacted (or prevented such as DG) which essentially allow it to follow a path of owning all or almost all of the portfolio renewable energy. This means their is less chance for a viable market for regular consumers, and they will continue to pay a higher price.

By taking their action, with the assistance of our Legislators and Governor, Our state utility essentially won the market.

Good Job NV Energy and big hearty "Thank You" to our weak state government - you showed excellent skills at doing nothing, and feeling good about it.

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