John Farrell of the Institute for Local Self Reliance is one of the most important thought leaders in our movement. This is a very succinct description of the policy changes needed.
- Joy
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There are three policy solutions needed to enable community power:
1. Community net metering – to allow project owners to share the project's electricity output. Right now, most state policies require utilities to allow net metering, but only for a solar or wind project on your own property.
2. Simplified securities law – to make community-based projects easier. Right now, there's little difference between setting up a mutual fund and setting up a community solar project, and both take a lot of lawyers. (Learn more in this report)
3. Smarter federal tax incentives – to allow community-based institutions to host community-based projects. Non-profits, cooperatives, cities and counties are logical entities to build projects, but they can't (easily) use federal tax incentives for solar and wind power. This raises the stakes for problem #2.
Read more:
http://www.ilsr.org/massive-supply-demand-imbalance-for-solar-and-wind-project-financing/
Joy Hughes, Founder, Solar Gardens Institute http://www.solargardens.org
CEO, Solar Panel Hosting LLC http://www.solarpanelhosting.com
(719)207-3097 direct
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