Posted on 01/12/2006 7:19:11 PM PST by calcowgirl
For Immediate Release:
1/12/2006
For More Information: Contact Bernadette Del Chiaro (916) 446-8062 x 103
“Its official!” celebrated Bernadette Del Chiaro, clean energy advocate for Environment California, a nonprofit, nonpartisan environmental advocacy group that has been pushing for a large-scale solar incentive program for several years. “It is about time California got serious about tapping into our abundant, homegrown solar power resources.”
Today’s decision adds $2.5 billion in rebate funds, available from 2007 through 2016, to the $300 million made available in December for 2006 and the $400 million already earmarked for solar power in the Public Goods Fund. The combined $3.2 billion program is the largest investment in solar power in the country. By increasing demand 30-fold, the CSI promises to cut the cost of solar by 50% within 10 years, creating a mainstream, self-sufficient solar market.
“With the high energy bills shocking California ratepayers this month, there is no better time to jump start an affordable solar power market bringing true independence from our over-reliance on natural gas,” praised Del Chiaro. “Today’s vote promises to ultimately eclipse dirty and expensive fossil fuels with clean and efficient solar power.”
Leaders of the solar industry also had words of praise for today’s vote. “The CPUC should be congratulated in creating a decade-long initiative that will drive the U.S. solar industry to invest in technological innovation and scale up manufacturing,” said Rhone Resch, president of the national Solar Energy Industries Association. “California will be a leader in the next great high-tech growth industry – solar energy.”
The California Solar Initiative establishes a 2006 rebate at $2.80 per watt and requires an annual decline by approximately 10%, in line with the expected reduction in the cost of solar power. The rebate program will sunset at the end of 2016, at which point it is predicted that the cost of solar will be cost-effective without a direct rebate.
The typical California home today installs a 2.5 kilowatt system. With today’s rebate level, the average $20,000 price tag for the system would be reduced by $7,000. In addition, over the next two years, homeowners can take advantage of a federal tax credit reducing the total cost by an additional $2,000. When combined with low interest loans, lowered electric bills and the ability to get a credit for excess electricity generated by the solar system, California homeowners could expect a return on their estimated $11,000 investment within the first month.
The CPUC anticipates it will fund the $3.2 billion program without raising electricity rates. Instead, the money would come from existing funds already earmarked for solar power and a small surcharge that the CPUC says can be absorbed into existing rates. According to a staff report prepared by the CPUC last summer, this $3.2 billion investment in solar could save California ratepayers an estimated $10 billion from a reduced need to build two dozen peaking power plants or to purchase expensive electricity during peak summer hours.
Other benefits of investing in solar power include cleaner air and more jobs. For every solar roof, at least one ton of global warming pollution is reduced each year. In addition, for every megawatt of solar installed, seven times more jobs are created compared with the equivalent in natural gas power plants. Environment California Research & Policy Center research estimates 15,000 new California jobs will be created from this new solar market.
The PUC program comes at the request of Governor Schwarzenegger and mirrors the bulk of the governor-backed Million Solar Roofs bill (SB 1), authored by Senator Kevin Murray (D-Los Angeles), and broadly supported by the state Legislature. The other policy elements contained in SB 1, such as net metering and making solar panels a standard option on new homes, still require legislative approval in 2006.
Major Elements of the California Solar Initiative Program:
• The complete California Solar Initiative program will invest a total of $3.2 billion over 11 years for consumer rebates. This number includes the $300 million added on December 15, 2005 and the $400 million already available through the Public Goods Fund.
• All small-scale solar technologies will be eligible: e.g. photovoltaics, thermal, hot water, etc.
• The rebate will start at $2.80/watt and declines 10% per year. It will be phased out at the end of 2016.
• Low-income ratepayers up to 260% of federal poverty levels will not pay into the fund and 10% of the fund will be set aside specifically for low-income and affordable housing projects.
• The program will be administered by the CPUC with administration of a rebate program specifically earmarked for new construction run by the California Energy Commission.
• The fund will be created from a small surcharge on electric and gas customers within PG&E, Edison, San Diego Gas & Electric and So. Cal. Gas Company territories. The PUC estimates the surcharge will be absorbed into existing rates without any discernible impact to energy bills.
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Environment California is a statewide, citizen-based environmental advocacy organization. Our professional staff combines independent research, practical ideas and tough-minded advocacy to overcome the opposition of powerful special interests and win real results for California's environment. Environment California draws on 30 years of success in tackling our state's top environmental problems.
Is this why you posted this hose-down of hog-wash???
I'm speechless.
These "Environment California" hucksters are just another batch of crooked salesmen playin fast and loose with the truth!!!
If you folks think Caveat Emptor (let the buyer beware) is important in the private sector... raise that importance by a power of 10 in the "Not For Profit/Public Sector!" (GovernMental and Non-GovernMental Organizations)
Having worked in both, the private sector isn't nearly as full of bovine feces and the public sector!!!
Not me! Whatsa matta you???
Without the subsidy it takes 43 years to recover the energy that it took to make the solar cells.
Ain't Arnie great, he reduced the pay back time by 10 years without raising taxes.
I've also got a bridge for sale!
Without the subsidy it takes 43 years to recover the energy that it took to make the solar cells.
Ain't Arnie great, he reduced the pay back time by 10 years without raising taxes.
I've also got a bridge for sale!
This group are masters of the Grant writing scam RCAA. You will get dozens of hits on Google of this cell of thieves...
The article itself confirms your darkest suspicions, my tubular FRiend!!!
I wish I knew how to annoy more Cauleeforneeuns awake to the Tsunami of BS that is sweeping over our State!!!
It gets worse.
There's a proposal before the CPUC to tax folks with independent systems since they "degrade the economies of generation and distribution". Simply put, if your reside in an area being provided service by a grid regulated by the state, you'll receive a utility bill whether or not you use publicly provided power.
You can say that again... Har!!!
Shouldn't this be referred to as the "Public Goodies Fund?"
Ok, it takes 700% more people to produce the power, and the footprint of humans in the area is reduced (pollution)?
These people have no math skills at all, do they?
Ok! Now I gotcha!! You bettcha!!!
What can you expect from people ejukated in the pubic scool system?
Yew are a worser spellur than I is!!!
At least one of the goals I have is to make sure when all the oil is gone I have used more than my share, 300,000+ gallons so far and counting.
I have learned not to expect much.
I should not open mouth and insert foot till I have all the data. My apologies.
I just thought it would be a good idea if homes have the capability for limited self-sufficiency should some sort of crisis arise. Such as; limited solar power for a homes most critical power infrastructure, a water purifier, extra food, extra clothing and boots, a shortwave radio, etc. That's all I was trying to convey.
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