Abstract
Numerous studies and market reports suggest that the Solar photovoltaic (SPV) markets rely heavily, if not entirely, upon governmental support policies at present. Throughout the majority of the world, these policies are enacted at a national level. However, within the United States there are 50 states, and among these fifty states there are different policies in place to foster the growth of renewable energy, and specifically solar photovoltaic markets. This paper is an economic and financial analysis of the US federal & state level policies in states with Solar-targeted policies that have Solar Renewable Energy Credit (SREC) markets. Measuring a discounted cash flow, Net Present Value (NPV), and Internal Rate of Return (IRR), the author attempts to measure and compare the different policies’ effect on Residential SPV markets. Then using the Present Value for each of the various policies each state has is compared to California’s Feed-in-Tariff The analysis could help: ? Assess the impact of SPV policies in different US States ? Identify ineffective SPV policies ? Add information and analysis to policy discussions ? Aid SPV residences in understanding the impact of policies on their systems
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