ELPC Webinar on Solar Power: A Potential Boom in the Midwest
Please join us on November 18th at 10:00 a.m. for a special webinar briefing featuring ELPC Executive Director Howard Learner, Staff Attorney Brad Klein and Policy Advocate Madeleine Weil to learn about the current changing strategic opportunities to advance solar power in the Midwest. Price shifts, market changes and supportive policies are coming together in ways that can help solar power accelerate fast around the region.
The economics of solar power are becoming more favorable due to a confluence of factors:
Solar photovoltaic (PV) module prices have fallen sharply due to excess supply in the global market.
Federal and state policies are working to support solar power. The federal economic stimulus legislation and other initiatives are providing new incentives and support for solar energy development. In the states, for example, Illinois has created a “solar carve out” in the state’s strong renewable energy standard that will provide a procurement market for 700-750 megawatts of solar power by 2015.
Large-scale solar developments are going forward on former industrial sites where there is unobstructed sunlight and low-cost access to the electrical grid. In some cases, brownfield redevelopment, recovery bonds and other tax credits and subsidies are available.
In the current economic downturn, there are skilled workers looking for “green jobs” installing solar systems.
Solar power matches up well with high energy market prices during peak demand times during hot summer afternoons. Solar energy is available when it’s most needed.
There are key strategic opportunities to advance solar power installations in the Midwest and particular policies that can make a difference. Please join ELPC for this webinar.