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Assessing the Potential for Renewable Energy on National Forest System Lands

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Assessing the Potential for Renewable Energy on National Forest System Lands ( assessing-potential-renewable-energy-national-forest-system- )

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Net Metering Salt River Project Tucson Electric Power Company Renewables Portfolio Standard Under the Environmental Portfolio Standard (EPS), regulated utilities in the state are required to provide a certain percentage of their electricity from renewable energy. The standard begins with 0.2% renewables for 2001 and increases to 1.1% renewables in 2007 through 2012. Of these amounts, solar-electric must make up 50% in 2001, increasing to 60% for 2004 through 2012. Applicable technologies include solar-electric (PV), solar water heating and solar air conditioning, landfill gas, wind, and biomass. Arizona Public Service Company requested and received a rule waiver that would allow it to meet a portion of its EPS requirements from geothermal resources. California Corporate Solar and Wind Energy Tax Credit California's Solar or Wind Energy System Credit (SB17x2) was approved by the Governor on October 8, 2001. The law provides personal and corporate income tax credits for the purchase and installation of photovoltaic or wind-driven systems with a peak generating capacity of up to 200 kilowatts. After January 1, 2004, and before January 1, 2006, the tax credit is equal to 7.5% of the net installed system cost after deducting the value of any municipal-, state-, or federal- sponsored financial incentives, or $4.50 per watt of rated peak generating capacity, whichever is less. A 15% tax credit was available January 1, 2001, through December 31, 2003. A 5-year warranty is required of each system. Taxpayers claiming the credit cannot sell the electricity produced by the system, but may utilize California’s net metering law, if eligible. Production Incentive – Supplemental Energy Payments Eligible Technologies: Solar Thermal Electric, Photovoltaics, Landfill Gas, Wind, Biomass, Hydroelectric, Geothermal Electric, Fuel Cells, Municipal Solid Waste, Anaerobic Digestion, Tidal Energy, Wave Energy, Ocean Thermal Amount: For above-market costs as compared to a market-price referent (subject to determination by the Energy Commission) Terms: Three- to 10-year contracts Website: http://www.energy.ca.gov/portfolio/ D-4

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