Also on the rise: Startup invents battery breakthrough, Arizona is tapped for a Li-ion battery plant, solar PV shipments were up 33% in 2020 as demand rose and prices fell, and groups press DOE to move TVA off of fossil fuels.
TVA currently has no plan to achieve emission-free power and that is frustrating advocacy groups along with a handful of TVA member companies.
Also on the rise: New Jersey regulators vote to offer new net metering incentives, Mechatron Solar receives a patent for a gearless dual-axis tracker, and GEBs may save gobs of money for building owners and power providers.
The Successor Solar Incentive Program emerged from a mandate to replace the state’s existing solar program with incentives that encourage solar development while minimizing ratepayer cost.
All forms of renewable energy, including solar, moved into second place in terms of electricity production.
The simplest way to model the payback period is to divide the project’s costs by its expected annual production number. That’s a good start, but it doesn’t tell the whole story.
In its Q2 earnings statement, Tesla said it is working to improve its Solar Roof installation capabilities and aims to reduce their installation time “dramatically.”
The two will provide voltage support for utility National Grid in a move to show that distributed resources can unlock additional value to ratepayers.
The report pegged the cost of adding storage to PV on the order of $700-1,300/kWh of storage capacity and the present-value benefit to the host customer of roughly $500-1,000/kWh.
Made up of distributed residential energy storage, these “plants” stabilize the grid and often end the need for new fossil generation. Tesla customers in California are the latest to join the movement.
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