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A popular tax credit in Iowa that’s been instrumental in nurturing the state’s solar industry would grow from $5 million to $7.5 million annually under proposed legislation, though lawmakers still face a basic funding hurdle. The Solar Energy System Tax Credit has been “hugely important” over the past few years in nudging owners of homes and businesses to install solar panels, Bolkcom said. The bill was voted favorably out of a subcommittee last week, and Bolkcom said he’s confident that — budget issues aside — it would win broad bipartisan support as it has in years past. As in years past, the bill would set aside some money for residential projects — $1.5 million, compared to $1 million per year at present. Five months after state regulators strongly urged them to develop pilot projects that would “expand renewable (distributed generation) in Iowa,” Iowa's two largest utilities have proposed new rate systems that critics contend would do just the opposite.
Google's latest clean energy play -- a $280 million fund with SolarCity to help finance residential solar installations -- is a notable shift in the company's greentech investment strategy. But the investments have always been directed at cleantech companies or utility-scale projects.
Unlike some of Google's philanthropic clean energy investments, this one is meant to generate returns, although the search engine giant hasn't revealed details about what that means.
Surprisingly, SolarCity is one of only a handful of solar installers (Sungevity's another) out there that actually offer financing options.


Powered and implemented by Interactive Data Managed Solutions News provided by The Associated Press. The legislature has increased the funding twice since then in an effort to meet the demand for it. Combined with the 30 percent federal tax credit, the cost of solar panels is cut nearly in half. For the first time ever, Google is going straight at the homeowner.Google (GOOG) has been on a clean-energy investing tear for the past several years that's now on the verge of topping $700 million. Google's investment in distributed renewable energy -- meaning power that's generated and used right at home -- represents an entirely new angle to its clean energy business model. Customers can either lease the entire residential solar system for a monthly fee or sign a power purchase agreement, which requires them to pay for the electricity generated, but not the equipment.Why more companies haven't made financing the cornerstone of their business model is beyond me. California and Connecticut are working to establish OBR programs, but Hawaii is expected to beat them to the punch.
Google has invested in two wind farms in North Dakota as well as geothermal start-ups AltaRock Energy and Potter Drilling, BrightSource Energy's solar thermal project in the Mojave desert and the Shepherds Flat, the world's largest wind farm in Oregon.
The upfront cost of solar equipment is a deal killer for many homeowners, even those who understand they'll see savings in the long term.


Hawaii’s program is critical as electric rates are about double the average of mainland states and most electricity has historically been generated with dirty, expensive oil.Given the potential of OBR to lower electricity bills, reduce that state’s carbon footprint, and expand job growth in the clean energy sector, EDF has been working closely with Hawaii and multiple private sector investors for the past year to develop their OBR program. The company, founded in 2006, has set up 15 funds with seven different partners to finance $1.28 billion in solar projects. With abundant sunshine and no natural gas, solar hot water is a project that usually provides significant financial savings and environmental benefits in Hawaii. The program is expected to roll out other measures in the following months and eventually expand to include large commercial properties.EDF has been in conversations with a wide range of project developers and investors and is optimistic that Hawaii’s OBR program can have a strong launch. Furthermore, we are hopeful that EDF can help the state export this exciting program back to the mainland.Want to learn more about this topic?



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