RPS Collaborative Webinar: Implications of Scheduled Solar ITC Reversion for RPS Compliance
Monday, October 26, 2015 @ 1:00 PM - 2:00 PM
The federal investment tax credit (ITC) is currently scheduled to be reduced in 2017 to 10% of project costs for commercial solar systems. This reduction would have impacts for compliance with solar carve-outs in various state renewable portfolio standards. The National Renewable Energy Lab (NREL) has just published a new report exploring the potential implications for those states that have a solar carve-out, an active SREC market, and a solar alternative compliance payment (SACP). The studied states are Delaware, District of Columbia, Maryland, Massachusetts, New Hampshire, New Jersey, Ohio, and Pennsylvania.
The report, “Implications of the Scheduled Federal Investment Tax Credit Reversion for Renewable Portfolio Standard Solar Carve-Out Compliance,” is available at http://www.nrel.gov/docs/fy15osti/64506.pdf.
In the webinar, Jenny Heeter, one of the report’s authors, discussed the report’s findings related to solar costs and RPS compliance. This presentation was followed by a Q&A with the audience.
- Jenny Heeter, Energy Analyst, Market and Policy Impact Analysis Group, NREL