Financial Policy Analysis
NREL's financial policy analysis team examines the effects that policy has on renewable energy project financing and development. They look at how policies such as feed-in tariffs, clean renewable energy bonds, and power purchase agreements can shape the pace and structure of financing. For more on NREL's analysis of these policies, access the information below.
Key Analyses for 2009
Feed-in Tariff Policies
SEAC analysts Karlynn Cory, Toby Couture, and Claire Kreycik recently published the report "Feed-in Tariff Policy: Design, Implementation and RPS Policy Interactions." (PDF 448 KB) Download Adobe Reader Feed-in tariff (FIT) policies are implemented in more than 40 countries around the world and are cited as the primary reason for the success of the German and Spanish renewable energy markets. As a result of that success, FIT policy proposals are starting to gain traction in several U.S. states and municipalities. Experience from Europe is also beginning to demonstrate that properly designed FITs may be more cost-effective than renewable portfolio standards (RPS), which make use of competitive solicitations. This report explores the design and operation of feed-in tariff policies, including a FIT policy definition, payment-structure options, and payment differentiation. It also touches on the potential interactions between FIT policies and RPS policies at the state level.
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Residential Solar PV Financing
NREL analysts Jason Coughlin and Karlynn Cory recently published the report "Solar Photovoltaic Financing: Residential Sector Deployment." (PDF 2.7 MB) Download Adobe Reader This report presents the information that homeowners and policy makers need to facilitate PV financing at the residential level. The full range of cash payments, bill savings, and tax incentives is covered, as well as potentially available solar attribute payments. Traditional financing is also compared to innovative solutions, many of which are borrowed from the commercial sector. Unfortunately, these programs are limited to select locations around the country. By calling attention to these innovative initiatives, this report aims to help policy makers consider greater adoption of these models to benefit homeowners interested in installing a residential PV system.
More Publications
"Renewable Energy Project Financing: Impacts of the Financial Crisis and Federal Legislation." Schwabe, P.; Cory, K.; Newcomb, J. (2009). 27 pp.; NREL Report No. TP-6A2-44930. (PDF 920 KB) Download Adobe Reader
"Solar Leasing for Residential Photovoltaic Systems (Fact Sheet)." (2009). 6 pp.; NREL Report No. FS-670-43572. (PDF 568 KB) Download Adobe Reader
2008
"Innovations in Wind and Solar PV Financing." Cory, K.; Coughlin, J.; Jenkin, T.; Pater, J.; Swezey, B. (2008). 39 pp.; NREL Report No. TP-670-42919. (PDF 732 KB) Download Adobe Reader
"Renewable Energy Financing: The Role of Policy and Economics." Cory, K. (2008). 16 pp. presentation; NREL Report No. PR-670-42918. (PDF 724 KB) Download Adobe Reader
"Renewable Energy Planning: Multiparametric Cost Optimization." Walker, A. (2008). 10 pp.; NREL Report No. CP-670-42921. (PDF 304 KB) Download Adobe Reader
"Solar Photovoltaic Financing: Deployment on Public Property by State and Local Governments." Cory, K.; Coughlin, J.; Coggeshall, C. (2008). 72 pp.; NREL Report No. TP-670-43115. (PDF 1.1 MB) Download Adobe Reader
More Information
To talk with an analyst about this area of policy analysis, contact Karlynn Cory.
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