According to a research note issued by Credit Suisse, the ITC or Investment Tax Credit, which will sunset at the end of 2016, may not see that sunset yet. The note mentions a building momentum in Congress for it to be added to tax extenders legislation at the same time as the world meets to discuss Climate Change in Paris this week. It certainly would look good for the US to take such action at this time and show that they will put their money where there mouths are.
For more on this subject, click here.
There are other ways the ITC could be saved as well. GTM analyst Cory Honeyman said there was more than one shape for an extension to take.
“It’s my understanding that there is opportunity for an extension to the ITC in a formal, comprehensive tax extenders bill, and opportunities to put the commence construction rule in an omnibus spending bill sometime in 2016.
“There could be one-off legislation that extends the ITC on its own but that’s a harder process as opposed to being bundled with other tax extenders. There are definatly a number of periods of time until the end of 2016 and a few different mechanisms that could extend it in some kind of fashion,” said Honeyman.
The New Mexico PRC has filed a Notice of Inquiry, stating that they will be looking into whether public utilities constructing and owning distributed generation facilities that are dedicated to serving one or more specific retail customers might provide net benefits or detriments to consumers, the environment, public utilities and the public interest. They are trying to determine if the Commission should encourage or discourage such arrangements.
For the complete pdf of their filing, please click below.
15-00355-UT Notice of Inquiry 11-18-15
With solar themed workshops ranging from the Homeowners Guide to Photovoltaics to DIY Tech and the Future of Renewable energy, there will be something for everyone, regardless of their experience with PV and solar technologies! Bring the family to the CNM Workforce Training Center, I-25 and Alameda, on September 26th. The Solar Fiesta starts at 10am and lasts until 5pm. Hope to see you there!
Click on the above image for the downloadable PDF of this year’s schedule and click here for the Workshop Descriptions PDF.
Unlike PNM’s previous rate request, which was rejected by the five-member PRC commission in May, the new case does not call for a new fee for solar customers to connect to the grid. The solar fee would have ranged from $21 to $26.
“We did not feel that it would be productive to include it in the refiled rate case given the need to implement the new rates in a timely manner,” a PNM spokeswoman said.
For the full application, please click this file- 04_Application (OCR)
The new “NM Solar Installed” map from the EMNRD.
EMNRD, Energy Conservation and Management Division
1220 South St. Francis Drive
Santa Fe, NM 87505
Landmark regulatory memo rejects the APS net metering proposal.
Staff experts for Arizona’s utility regulators have come out against a proposal by Arizona Public Service, the state’s biggest electricity provider, to alter the solar net metering incentive.
Read more on greentechsolar: Click Here
Hearing Examiner Medeiros recommends PRC adopt proposed PNM Customer Solar Power Program in 2013 plan case. See: 2013 REPP Recommended Decision Full document on the PRC section of the website under 2013 plan case.
2011 has been a very active year for REIA. The REIA Board has met monthly since January. During the 2011 legislative session REIA drafted permitting legislation to address statewide permitting standards. REIA also successfully opposed PNM led efforts to shift burdens to consumers in the form of fixed cost recovery fees.
PRC hearings continue to demand REIA’s time and resources. In the face of changing utility tactics, we have had to step up with resources, time, and energy. REIA continues to pressure PNM to live up to it’s legal obligation under the Renewable Portfolio Standard. Initially, a single REIA board member was assigned to keep track of the PRC, then two, now a REIA subcommittee is tasked with staying on top of PRC filings. The investor-owned utilities and their legal teams are well funded. REIA’s position, in contrast, is drafted by volunteers and our paperwork was paid for by a second round of fundraising for special projects.
Thank you to everyone who contributed — without your dues REIA would not have a place a the bargaining table. REIA benefits from strategic alliances with New Mexico Independent Power Producers, Interstate Renewable Energy Council, and The Green Chamber, which allow us to leverage common interests and further pool resources.
While the economy is still weak, renewable energy in New Mexico continues to be one of the few bright spots, still a growth leader for jobs. The REIA committee on Statewide-Standards for Permitting has added solar thermal to their 4-page permit system for photovoltaic and will now start a statewide campaign to have the new system adopted. Discussions continue with the NM Construction Industry Division. Explorations with the city of Albuquerque for DOE-funded permit review did not pan out, but we continue to work with the city to clear the path for businesses.
REIA’s strongest partnership with the Martinez administration is the drive to simplify the business-killing bureaucracy that is currently slowing so many of our installers as they try and pull permits. This administration has been uniquely insular, but REIA continues efforts to direct the Governors’ attention to this important issue. We are the largest job creating engine in the state currently and deserve strong government attention in efforts to streamline and support our vital energy industry.
Looking ahead we expect to see efforts in the 2012 short session to roll back progress with the PRC, which we will oppose vigorously. 2011 has been REIA’s strongest year in terms of member fundraising, and we should be in a strong position heading into 2012.