The Solar Investment Tax Credit (ITC) is set to drop at the end of 2016 from 30% to 10%, making the economics difficult for commercial solar projects. Additionally, the tax credit will expire for residential projects, eliminating the tax benefits for residential solar installations
Tony SmithSupporting The Solar Investment Tax Credit
On November 9th, 2015, Secure Futures announced a $1m solar incentive program for K-12 public and private schools throughout Virginia, with the goal of installing over 16 Megawatts (MW) of distributed solar energy in 2016, doubling Virginia’s installed solar capacity through 2014. The Spotlight on Solar Education initiative focuses on helping schools go solar with no money down, and empowering schools and students to discover the benefits of solar by incorporating free Solar Spotlights with each installation.
Tony SmithSecure Futures launches $1million Spotlight on Solar Education program for Schools to go Solar
Statement in response to the EPA’s Clean Power Plan, the final rules which were announced by President Obama on August 3rd, 2015: August 3rd was an exciting day for Virginia, with the President’s unveiling the Clean Power Plan, one of the tremendous opportunities we have to create a more dynamic Virginia economy and power our state using renewable energy. Today, Virginia is nearly 80% to meeting its CPP target. With investments in renewable energy and energy efficiency, Virginia can move towards compliance with this rule, while spurring job growth, attracting and retaining businesses, and protecting our local economies.
Tony SmithClean Power Plan Can Energize Virginia’s New Dynamic Economy
On July 9, 2015 Lexington City Schools announced a formal agreement with Secure Futures LLC to install a 91.5-kilowatt solar photovoltaic system on the roof of the Lylburn Downing Middle School. The project will generate 25% of the annual electricity requirements for the middle school, and include an public monitoring system – displayed via a monitoring screen on the school campus – as well as an education center, with demonstration solar panels. Please see the press release here.
Tony SmithLexington City Schools to go Solar under Solar Schools Initiative
Summary of Article – authored by Secure Futures President & CEO, Anthony Smith – published in May/June 2015 issue of SolarToday: Leading the Renewable Energy Revolution In the midst of net-metering disputes across the country, and debates on solar energy’s impact on non-solar participants, research concludes the first commercial scale system in Virginia is benefiting the surrounding community, and not just the private university in which the system is located. In a study completed by Secure Futures and the Harrisonburg Electric Commission (HEC), it was determined that the benefits of the 104 kW net-metered system on Eastern Mennonite University (EMU) outweigh the costs to HEC.
Tony SmithNet-Metered Solar Project Benefits A Utility And Its Ratepayers
Albemarle County Public Schools (ACPS) will be the first public school division in Virginia to enter into a Power Purchase Agreement after reaching a formal agreement with Staunton, Va. based solar development firm Secure Futures LLC to install solar photovoltaic (PV) arrays on six public schools in Albemarle County.
Tony SmithAlbemarle County Public Schools to Install Solar on Six Schools
Many of us in the so-called “millennial” generation embrace innovation and disruption of established practices as the wave of solutions to today’s most critical problems. That’s one reason we love Uber, the ride-service springing up throughout the country. And it is also why we have trouble reconciling the rhetoric of policymakers who champion free enterprise with their actions protecting the established industries. Until recently, Virginia banned Uber. With recent relaxation of the restrictions, we are now seeing what economic theory would easily predict: a race by established companies to adapt, and a better, more efficient system of rides and transportation for consumers. As a recent article in the Times-Dispatch reported, the growing popularity of Uber in the city of Richmond has led one taxi company at least to respond. Chris Brevard of Napoleon Taxi explains that it “made us realize as owners of large fleet that if we don’t advance, we are going to be left behind.” Innovation matters, and the receptivity of governments, producers, and consumers, to the risk but also the possibility of new technologies and new patterns determine the kind of future we build for ourselves. “Regulation should never be a weapon used by connected and established industry to …
Tony SmithUber, Solar & Innovation: How to Drive Virginia’s New Era Economy
Secure Futures and the University of Richmond have reached an agreement to install a 204 kW solar photovoltaic system on the roof of the campus’s Weinstein Recreation and Wellness Center. The agreement will be the first of its kind under the Power Purchase Agreement Pilot Program signed onto law in 2013.
Tony SmithUniversity of Richmond to Install Solar on REC Center
We wish to highlight the solar industry’s successes in 2014 in developing record-breaking generation capacity nationally and innovative business models serving Virginian’s demand for solar. While Virginia policy still lags well behind consumer demand, Virginian’s have reason to remain optimistic for 2015 and beyond.
Tony Smith2014 Solar Year in Review: Business Model Innovation and Consumer Demand Outpace Virginia Policy