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Title: Impact of Federal Tax Policy on Utility-Scale Solar Deployment Given Financing Interactions

Abstract

In this study, the authors conducted a literature review of approaches and assumptions used by other modeling teams and consultants with respect to solar project financing; developed and incorporated an ability to model the likely financing shift away from more expensive sources of capital and toward cheaper sources as the investment tax credit declines in the ReEDS model; and used the 'before and after' versions of the ReEDS model to isolate and analyze the deployment impact of the financing shift under a range of conditions. Using ReEDS scenarios with this improved capability, we find that this 'financing' shift would soften the blow of the ITC reversion; however, the overall impacts of such a shift in capital structure are estimated to be small and near-term utility-scale PV deployment is found to be much more sensitive to other factors that might drive down utility-scale PV prices.

Authors:
; ; ;
Publication Date:
Research Org.:
National Renewable Energy Lab. (NREL), Golden, CO (United States)
Sponsoring Org.:
USDOE Office of Energy Efficiency and Renewable Energy (EERE), Solar Energy Technologies Office (EE-4S)
OSTI Identifier:
1226485
Report Number(s):
NREL/PR-6A20-65014
DOE Contract Number:  
AC36-08GO28308
Resource Type:
Conference
Resource Relation:
Conference: Presented as a Webinar for the U.S. Department of Energy (DOE)
Country of Publication:
United States
Language:
English
Subject:
14 SOLAR ENERGY; 29 ENERGY PLANNING, POLICY, AND ECONOMY; Solar; PV; Photovoltaic; Investment tax credit; ReEDS model; Sources of capital; Utility-scale PV; ITC reversion

Citation Formats

Mai, Trieu, Cole, Wesley, Krishnan, Venkat, and Bolinger, Mark. Impact of Federal Tax Policy on Utility-Scale Solar Deployment Given Financing Interactions. United States: N. p., 2015. Web.
Mai, Trieu, Cole, Wesley, Krishnan, Venkat, & Bolinger, Mark. Impact of Federal Tax Policy on Utility-Scale Solar Deployment Given Financing Interactions. United States.
Mai, Trieu, Cole, Wesley, Krishnan, Venkat, and Bolinger, Mark. Mon . "Impact of Federal Tax Policy on Utility-Scale Solar Deployment Given Financing Interactions". United States. https://www.osti.gov/servlets/purl/1226485.
@article{osti_1226485,
title = {Impact of Federal Tax Policy on Utility-Scale Solar Deployment Given Financing Interactions},
author = {Mai, Trieu and Cole, Wesley and Krishnan, Venkat and Bolinger, Mark},
abstractNote = {In this study, the authors conducted a literature review of approaches and assumptions used by other modeling teams and consultants with respect to solar project financing; developed and incorporated an ability to model the likely financing shift away from more expensive sources of capital and toward cheaper sources as the investment tax credit declines in the ReEDS model; and used the 'before and after' versions of the ReEDS model to isolate and analyze the deployment impact of the financing shift under a range of conditions. Using ReEDS scenarios with this improved capability, we find that this 'financing' shift would soften the blow of the ITC reversion; however, the overall impacts of such a shift in capital structure are estimated to be small and near-term utility-scale PV deployment is found to be much more sensitive to other factors that might drive down utility-scale PV prices.},
doi = {},
journal = {},
number = ,
volume = ,
place = {United States},
year = {2015},
month = {9}
}

Conference:
Other availability
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