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FUEL FROM THE SKY: SOLAR POWER’S POTENTIAL FOR WESTERN ENERGY SUPPLY Solar Energy Resources Oregon MW GWh Acres (000) Premium - - - 1,791 3,529 9 10,588 18,549 53 SOURCE: POWERmap and RDI Consulting analysis. NOTE: Solar resources ≥ 7.0 kWh/m2/day are considered premium, 6.5-7.0 excellent, and 6.0-6.5 good. Estimates for electric generation assume 5 Acres/MW and capacity factors of 25% for premi- um, 22.5% for excellent, and 20% for good. Excellent Solar Resources Good State Legislation Regarding Renewable Energy Sources System Benefit Charge About $8.6 million per year from 2001 through 2011. Green Energy Programs Six utilities offer green pricing programs in Oregon. Tax/Financial Incentives Business energy tax credit: a 35% tax credit of up to $100,000 for renewable energy systems installed at business facilities. The renewable system must replace at least 10% of the facility’s usage of electricity, oil, or gas. The 35% credit is spread over five years. Personal income tax credit: This credit is based on the amount of energy that a qualifying renew- able energy system saves in a year. Up for renewal in 2001. Property tax incentive: exempts the added value of a qualifying renewable energy system from property tax assessment. Loan program: long-term, low-interest loans are available to renewable energy project developers through the Small Scale Energy Loan Program (SELP). The program is funded through bond sales, and has funded projects up to $15 million in size. Net Metering Solar, wind, fuel cell and hydro eligible, all customer classes eligible, ≥ 25 kW, minimum 0.5% of utility’s peak load enrollment limit, net excess generation purchased at avoided cost or credited to following month. TOTAL 12,379 22,078 62 158PDF Image | Solar Fuel From The Sky
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