Topic: Legislation

Legislation Articles

California Supports Solar Roofs for Multifamily Affordable Housing

Climate resilience pays dividends in financial stability and public health. California has passed legislation, AB 693, that will provide up to $1 billion for solar roofs for multifamily affordable housing. A May report by Clean Energy Group, “Closing the California Clean Energy Divide: Reducing Electric Bills in Affordable Multifamily Rental Housing with Solar+Storage,” found these retrofits can zero out some properties’ net electricity bills.

Mexico City Solar Conference Offers More Questions than Answers

Greentech Media’s first international Solar Summit, held on Jan. 27-28 in Mexico City, left more questions than answers about the future of solar in Mexico. Speakers said that the solar markets are in flux at all levels of development. The country is far from reaching a steady state. Developers who are willing to take risks could enjoy huge payoffs but must first face significant regulatory uncertainty.

States May Benefit from Appointing Energy Czars

In early 2013, Governor Andrew Cuomo pushed New York state to the cutting edge of state energy regulatory policy by appointing Richard Kauffman as Chair of Energy and Finance. As the nation’s first state energy czar, Kauffman has pushed New York to increase support for renewable energy and to reform regulation of utilities and the electric grid. Several other states may now consider creating similar positions in their own governments. There are good arguments both for and against doing so.

Nuts-and-Bolts Guidance from the 2016 Investor Summit on Climate Risk

While making strong motivational statements at the 2016 Investor Summit on Climate Risk in New York City on Jan. 27, speakers also laid forth an ambitious set of targeted goals to implement the Paris climate conference’s agenda. These goals included implementing climate disclosure requirements; advocating for stable, economically meaningful carbon pricing; ceasing investment in coal; leveraging pension funds; scaling up green banks; clarifying what constitutes a green bond; and analyzing risks on an industry-by-industry basis.

Green Bank Network Aims for Global Clean-Energy Investment

How can green banks collaborate internationally to scale up private financing to meet the challenge of climate change? A new international organization, the Green Bank Network, hopes to lead the way. During the Paris climate conference, six green banks and two nonprofit organizations jointly announced the opening of the network on Dec. 7. The network will accelerate clean energy installations and mobilize private investments worldwide.

Researchers Analyze the Recharged Solar Tax Credit

Just when it seemed as if the United States solar investment tax credit (ITC) was running out of energy, federal legislators charged it up for another few years last Friday. Barring other changes, by the time the credit winds down gradually, it will have put the national solar industry on a smooth glide toward a profitable future. The credit applies to both residential and commercial projects. It will taper from 30 percent through 2019 to 26 percent through 2020, 22 percent until 2022, and 10 percent thereafter.

A Tale of Two Green Bank Bills

Guess which part of the United States is so motivated to put a green bank in place that two legislative bills are competing to do the honors? It’s Massachusetts, which is considering two proposed green banks that would be very different from one another. “I’m hopeful,” said State Rep. Paul Mark (D-Peru), sponsor of House Bill 3532 . “If it doesn’t pass, we’ll file it again next session.” Mark spoke to a packed room at Western Mass Green Consortium’s Holiday Season Green Night Party on Dec. 9 in Northampton. He said he has sent a letter of support for the...

Will California’s Successor Tariff Discourage New Residential Solar?

Solar installers, residential customers, utilities, and a host of other stakeholders in the residential solar market are waiting for the California Public Utilities Commission’s (CPUC) Net Energy Metering successor tariff (NEM 2.0), due by the end of 2015. The issue at hand is whether or not, and to what extent, those without solar are subsidizing those with solar by paying for grid upkeep and modernization. Because utilities fall on one side of the spectrum and nearly everyone else falls on the other, there is no love lost between stakeholders in the industry.

Incentives Prime the Pump for the Clean Power Plan

The Clean Energy Incentive Program (CEIP) will tap financial resources to help prepare markets for the Clean Power Plan (CPP) in the United States. This two-year voluntary matching fund program will incentivize solar and wind energy in any states that opt into it. It also offers extra leverage for energy efficiency in low-income communities. Clean Energy Finance Forum spoke with Joe Goffman, associate assistant administrator at the EPA, who explained the program, its vision, and its objectives.