E-24NSPI (NSUARB) RIR-1 to RIR-24 - Redacted
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MARKET DRIVERS Net-Metering: A key enabler of residential solar PV in the Nova Scotia has been the Enhanced Net Metering policy, which allows households and businesses to sell back excess electricity generated by their renewable energy sys...
AI summary The Enhanced Net Metering policy and the SolarHomes Program by Efficiency Nova Scotia (ENS) have significantly influenced the residential solar PV market in Nova Scotia. The policy allows households and businesses to sell excess electricity back to the utility, while the SolarHomes Program provides rebates to reduce the cost of installation, aiming to support 2,000 residential solar installations between 2018 and 2022.
2020-2022 DSM NSUARB IR-11 Attachment 1 Page 11 of 40 REDACTED (CONFIDENTIAL INFORMATION REMOVED) more than 350 applications for a combined 3 MW of installed capacity 5 , more than doubling the cumulative residential solar capacity in the...
AI summary The text discusses the growth of residential solar PV in Nova Scotia, driven by programs such as the solar rebate and the Solar City PACE financing initiative. It highlights the impact of these programs on local industry development and market transformation, as well as the role of financing options and electricity pricing trends.
PROJECTED BASELINE MARKET DEMAND To model the range of future demand scenarios, we start by first projecting market demand for residential solar in Nova Scotia under business-as-usual conditions. Under this scenario, we use key inputs and...
AI summary The text discusses projected baseline market demand for residential solar in Nova Scotia under business-as-usual conditions, assuming the current $1/W incentive from the SolarHomes program remains available until 2019. The analysis uses observed market trends and key inputs from Appendix B, with references to various reports and documents.
2020-2022 DSM NSUARB IR-11 Attachment 1 Page 12 of 40 REDACTED (CONFIDENTIAL INFORMATION REMOVED) SolarHomes has committed to four years of programming, therefore the modeled 1-year incentive scenario is a theoretical one used for the sake...
AI summary The document discusses the impact of SolarHomes incentives on residential solar installations in Nova Scotia. It notes that a reduction in rebate amounts and the potential removal of incentives could lead to a decline in installations, but natural market demand is expected to recover by 2022. Under the baseline scenario, 17,500 systems (140 MW) are projected to be installed by 2030, resulting in 1.4% of Nova Scotia's electricity consumption from solar and 960,000 tCO2e emission reductions.
All factors have the expected directional impact and a similar magnitude of impact on market demand, and highlight the following takeaways: - System Costs Reductions: System costs significantly impact the economics of solar adoption and ha...
AI summary The text discusses factors influencing solar adoption, including system costs, electricity rates, system output, and system sizes. Lower system costs and higher electricity rates increase market demand, while higher costs and slower rate increases reduce it. System output and size also affect adoption and installed capacity, though their impact diminishes over time.
Availability of Financing Programs and Products Cash-flow-based financing solutions are defined as low-cost and long-term (15 years or longer) financing options that allow customers to match their annual payments with the solar PV energy b...
AI summary The document discusses cash-flow-based financing solutions for solar PV systems in Nova Scotia, emphasizing Third-Party Ownership (TPO) models like leases and PPAs, as well as PACE/LIC financing. It highlights that shorter repayment terms (10 years) hinder adoption, while longer-term options (20+ years) could accelerate residential solar uptake. Market trends show declining TPO usage in the U.S. due to competition and shorter paybacks.
Alternative Rate Structures In addition to compensation mechanisms, electricity rate designs and structures also have a significant impact on solar. Alternative rate structures have also been used in some judications to address similar con...
AI summary Alternative rate structures, including fixed fees, peak demand charges, and Time of Use (TOU) rates, impact solar adoption by reducing avoidable costs, thereby weakening the business case for solar. These structures aim to address cost allocation and market price signal issues between customers.
2020-2022 DSM NSUARB IR-11 Attachment 1 Page 27 of 40 REDACTED (CONFIDENTIAL INFORMATION REMOVED) reduced employment, breaking the momentum the industry has gained through SolarHomes. Less aggressive incentive phase-out scenarios, like the...
AI summary The text discusses the impact of different incentive phase-out scenarios on employment in the residential solar industry in Nova Scotia. A gradual phase-out, like the Sustainable Growth scenario, is expected to support more jobs compared to a steep ramp-down. By 2030, residential solar deployment is projected to create between 430 and 980 direct and indirect jobs in the province.
Spotlight on Nova Scotia The Surrette Battery Company is a lead-acid battery manufacturer located in Springhill, Nova Scotia. Surrette's manufacturing plant has operated in Nova Scotia since the 1950s and was initially focused on battery a...
AI summary Surrette Battery Company, a Nova Scotia-based manufacturer, has expanded into renewable energy. Batteries increase solar PV adoption by enabling storage-paired systems and improving solar's business case through self-consumption and peak demand reduction, citing a 74% U.S. customer interest in storage.
DUNSKY'S SOLAR ADOPTION MODEL (SAM) Dunsky's Solar Adoption Model (SAM) was built in-house to address a growing need by our clients to understand the potential for solar deployment in their jurisdictions. The model is based on a methodolog...
AI summary Dunsky's Solar Adoption Model (SAM) uses NREL methodology and local data to forecast distributed solar PV demand across regions. It considers customer economics, technology barriers, and historical adoption data for calibration, supporting policy and market scenario analysis in jurisdictions like California, New York, and Ontario.