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1 Table of Contents
1 Table of Contents 2
1.1 List of Tables 5
1.2 List of Figures 6
2 Introduction 7
2.1 Renewable Energy Policy 7
2.2 GlobalData Report Guidance 7
3 Renewable Energy Policy, US 8
3.1 Overview 8
3.2 Federal Initiatives 9
3.2.1 Energy Independence and Security Act, 2007 9
3.2.2 Energy Improvement and Extension Act, 2008 9
3.2.3 American Recovery and Reinvestment Act, 2009 10
3.2.4 Production Tax Credits 11
3.2.5 Investment Tax Credits 12
3.2.6 Manufacturing Tax Credit 13
3.2.7 Rural Energy for America Program: Grants 13
3.2.8 Tribal Energy Program Grant 14
3.2.9 Clean Renewable Energy Bonds 14
3.2.10 Qualified Energy Conservation Bonds 15
3.2.11 US Department of Energy - Loan Guarantee Program 15
3.2.12 Modified Accelerated Cost Recovery System 16
3.2.13 Green Power Purchasing Goal 17
3.2.14 Residential Renewable Energy Tax Credit 18
3.3 Federal Initiatives for Solar Power 20
3.3.1 Solar America Initiative 20
3.3.2 SunShot Initiative 20
3.4 Federal Initiatives for Wind Power 21
3.5 Federal Initiatives for Biopower and Biofuels 21
3.5.1 Energy Policy Act - Alternative Fuels 21
3.5.2 Biorefinery Assistance Program 22
3.5.3 Clean Air Act Amendments of 1990 23
3.6 State-Level Incentives 23
3.6.1 Overview 23
3.6.2 Renewable Portfolio Standards 24
3.6.3 Renewable Energy Certificates 25
3.6.4 Public Benefits Funds for Renewable Energy 25
3.6.5 Interconnection Standards 26
3.6.6 Net Metering 27
3.6.7 Property Assessed Clean Energy 27
3.7 Renewable Energy Policy Framework, Iowa 28
3.7.1 Financial Incentives and Policy Support for Renewable Energy Sources, Iowa 28
3.7.2 Financial Incentives and Policy Support for Solar, Iowa 30
3.7.3 Financial Incentives and Policy Support for Wind, Iowa 31
3.8 Renewable Energy Policy Framework, Minnesota 32
3.8.1 Financial Incentives and Policy Support for Renewable Energy Sources, Minnesota 32
3.8.2 Financial Incentives and Policy Support for Wind, Minnesota 35
3.8.3 Financial Incentives and Policy Support for Hydropower, Minnesota 35
3.8.4 Financial Incentives and Policy Support for Bioenergy, Minnesota 35
3.9 Renewable Energy Policy Framework, Washington 36
3.9.1 Financial Incentives and Policy Support for Renewable Energy Sources, Washington 36
3.9.2 Financial Incentives and Policy Support for Solar, Washington 41
3.10 Renewable Energy Policy Framework, Colorado 41
3.10.1 Financial Incentives and Policy Support for Renewable Energy Sources, Colorado 41
3.11 Renewable Energy Policy Framework, Texas 47
3.11.1 Financial Incentives and Policy Support for Renewable Energy Sources, Texas 47
3.11.2 Financial Incentives and Policy Support for Solar, Texas 51
3.11.3 Financial Incentives and Policy Support for Wind, Texas 53
3.11.4 Financial Incentives and Policy Support for Bioenergy, Texas 54
3.12 Renewable Energy Policy Framework, California 55
3.12.1 Financial Incentives and Policy Support for Renewable Energy Sources, California 55
3.12.2 Financial Incentives and Policy Support for Solar, California 62
3.12.3 Financial Incentives and Policy Support for Wind, California 67
3.12.4 Financial Incentives and Policy Support for Hydropower, California 67
3.12.5 Financial Incentives and Policy Support for Geothermal, California 67
3.12.6 Financial Incentives and Policy Support for Bioenergy, California 68
3.13 Renewable Energy Policy Framework, Nevada 68
3.13.1 Financial Incentives and Policy Support for Renewable Energy Sources, Nevada 68
3.14 Renewable Energy Policy Framework, New Jersey 74
3.14.1 Financial Incentives and Policy Support for Renewable Energy Sources, New Jersey 74
3.14.2 Financial Incentives and Policy Support for Solar, New Jersey 81
4 Appendix 85
4.1 Abbreviations 85
4.2 Bibliography 87
4.3 Coverage 87
4.4 Methodology 88
4.5 Disclaimer 88
1.1 List of Tables
Table 1: Renewable Energy Market, US, Production Tax Credit ($/kWh), 2015 11
Table 2: Renewable Energy Market, US, Production Tax Credit, 2015 12
Table 3: Renewable Energy Market, US, Green Power Purchasing Goal (%), 2016-2025 17
Table 4: Renewable Power, US, Renewable Portfolio Standards, State Targets, 2016 24
Table 5: Renewable Energy Market, Washington, Renewable Energy Standards (%), 2012 and onward 37
Table 6: Renewable Energy Market, Washington, Member-Owned Renewable Energy Program Rate ($/kWh), 2010-2017 39
Table 7: Renewable Energy Market, Colorado, Capital Cost Threshold Rates, 2014 45
Table 8: Renewable Energy, Feed-in Tariffs, Marin County - California, 2016 57
Table 9: Renewable Energy, Feed-in Tariffs, Los Angeles - California, 2016 59
Table 10: Renewable Energy Feed-in Tariff Multiplier, Los Angeles - California, 2016 59
Table 11: Renewable Energy Market, California, Go Solar Campaign Program Components, 2007-2016 62
Table 12: Renewable Energy Market, California, California Solar Initiative Program Budget ($m), 2007-2016 63
Table 13: Renewable Energy Market, California, California Solar Initiative Rebate Levels by Incentive Step and Rebate Type, 2012 64
Table 14: Renewable Energy Market, California, California Solar Initiative, Details by Incentive Type, 2013 64
Table 15: Renewable Portfolio Standard, Nevada (%), 2005 and onward 70
Table 16: Renewable Energy Market, New Jersey, Renewable Portfolio Standards (%), 2004 onward 75
Table 17: Solar Alternative Compliance Payment ($/MWh), New Jersey, 2008-2016 83
Table 18: Abbreviations 85
1.2 List of Figures
Figure 1: Renewable Energy Market, Washington, Renewable Energy Standards (%), 2012 and onward 37
Figure 2: Renewable Energy Market, Nevada, Renewable Portfolio Standards (%), 2005 and onward 70