The U.S. Solar Energy Industry: Powering America

Transcription

1 The U.S. Solar Energy Industry: Powering America Katherine Stainken Director, Government Affairs NASEO Energy Policy Outlook Conference February 4 th, 2015

2 About SEIA Founded in 1974 U.S. National Trade Association for Solar Energy 1,000 member companies from around the world Members from across 50 states Largest companies in the world as well as small installers Our Mission: Build a strong solar industry to power America Our Goal: 10 gigawatts (GW) of annual installed solar capacity in the U.S. by 2015 February 4, Solar Energy Industries Association 2

3 Yearly Installed Solar Capacity (MW) Solar in America: Strong and Getting Stronger 8,000 Yearly U.S. Solar Installations 7,000 6,000 5,000 4,000 3,000 2,000 1, E Residential (PV) Non-residential (PV) Utility (PV) Concentrating Solar Power (CSP) February 4, Solar Energy Industries Association 3

4 Solar as an Economic Engine Nearly 174,000 American workers in solar more than double the number in 2009 at 6,100 companies across the country February 4, Solar Energy Industries Association 4

5 Millions Investment in Solar has increased 10x since 2006 $16.00 Yearly U.S. Solar Investment $14.00 $12.00 $10.00 $8.00 $6.00 $4.00 $2.00 $ E February 4, Solar Energy Industries Association 5

6 Broad-Based Adoption: Homes, Businesses, Utilities February 4, Solar Energy Industries Association 6

7 Blended Average Solar PV Price ($/watt) Solar PV Installations (MWdc) Growth in Solar led by Falling Prices $ ,000 $ ,000 $8.00 5,000 $6.00 4,000 3,000 $4.00 2,000 $2.00 1,000 $ E 0 Lawrence Berkeley National Laboratory, Tracking the Sun Solar PV Installations Solar PV Prices February 4, Solar Energy Industries Association 7

8 Installed Cost ($/watt) Prices in all market segments near Sunshot Goals $7.00 $6.00 $5.00 $4.00 $3.00 $2.00 $1.00 $ Residential Commercial Utility SunShot Goal: Residential SunShot Goal: Commercial SunShot Goal: Utility February 4, Solar Energy Industries Association 8

9 Third-Party Ownership plateaus, but with large market share 100% Percentage of New Residential Installations Third-Party Owned 90% 80% 70% 60% 50% 40% 30% 20% 10% 0% Q Q Q Q Q Q Q Q Q Q Q Q Q Q Q California Arizona Colorado Massachusetts New Jersey New York February 4, Solar Energy Industries Association 9

10 Installations (MWdc) Non-Residential Market: Crossing the Financing Gap 450 U.S. PV Installations by Market Segment, Q Q Q Q Q Q Q Q Q Q Q Q Q Q Q Q Q Q Q Q Q Residential Non-Residential February 4, Solar Energy Industries Association 10

11 Solar PV Capacity (MWdc) Utility PV Market: Pipeline Replenishing Utility PV Pipeline 30,000 25,000 20,000 15,000 10,000 4,526 27,503 5,000 8,137 9,967 0 Operating Contracted (PPA Signed) Announced (Pre Contract In Construction February 4, Solar Energy Industries Association 11

12 Concentrating Solar Power: Recent Surge February 4, Solar Energy Industries Association 12

13 Another Strong Year Expected in 2015 Over 8.5 GW of solar installations in GW Photovoltaics 112 MW Concentrating Solar Power 18% growth over last year (30% growth in PV market) A new installation every 2.5 minutes By years end, over 28 GW of solar in U.S. Nearing 1 million cumulative solar installations Enough solar in U.S. to power 5.5 million+ homes Displace CO 2 equivalent to 8 coal power plants, emissions from 6.3 million vehicles February 4, Solar Energy Industries Association 13

14 Installed Solar Electric Capacity (MW) 34% Average Annual Growth Projected through ,000 U.S. Solar Installation Forecast 12,000 10,000 8,000 6,000 4,000 2, Q1 Q2 Q3 Q4 Projected February 4, Solar Energy Industries Association 14

15 Installed Photovoltaic Capacity (MWdc) Continued Growth Across All Market Segments 7,000 Installed PV Capacity by Market Segment 6,000 5,000 4,000 3,000 2,000 1, E 2015E 2016E Residential Non-Residential Utility February 4, Solar Energy Industries Association 15

16 36% of Electric Capacity Installed in 2014 through Q3 from Solar New U.S. Generating Capacity by Fuel Type 100% 4% 8% 2% 90% 7% 15% 80% 41% 10% 0% 70% 60% 47% 50% 16% 46% 40% 30% 20% 10% 0% 31% 36% 29% 10% Q1-Q Solar Natural Gas Coal Wind Other February 4, Solar Energy Industries Association 16

17 Installed Capacity (MW) Percentage of Total Generation Solar Increasingly Important Part of Generation Mix SEIA estimate from EIA data 45, % 40, % 35, % 30, % 25, % 20, % 15, % 10, % 5, % E 2015E 2016E 0.0% Cumulative Solar Electric Installations Solar as % of Total Electric Generation February 4, Solar Energy Industries Association 17

18 SEIA Policy Priorities: Federal & Trade Investment Tax Credit Preserve and Extend at 30% Beyond 2016 Modify to include Commence Construction Preserve MACRS Project Finance Increase tax equity pool through PWI authority and CRA Expand MLPs to include renewable energy Lead effort to resolve U.S.-China trade conflict Solar codes and safety standards EPA 111d February 4, Solar Energy Industries Association 18

19 SEIA Policy Priorities: State Renewable Portfolio Standards Defend and Expand; advocate for SHC NEM, rate design and incentives in key states: CA, AZ, CO, NY, NV, MA, NJ & mid-atlantic, TX, GA & southeast Expand policies to support DG Grid Integration Outreach & education to key policymakers Research and address key issues February 4, Solar Energy Industries Association 19

20 Thank you! Questions? Upcoming regional solar events State Jobs Report Reliability Paper February 4, Solar Energy Industries Association 20