taking charge of our energy future
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Taking Charge of Our Energy Future. Choosing the Better Pie James M. Fenton, Ph.D. Director. Current Projection. New Generation for 2014. Why Not?. New Generation for 2014. Economic Context. The economic implications of fuel purchases in Florida are large - PowerPoint PPT PresentationTRANSCRIPT
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FLORIDA SOLAR ENERGY
CENTERCreating Energy Independence Since 1975
A Research Institute of the University of Central Florida
Taking Charge of Our Energy FutureChoosing the Better Pie
James M. Fenton, Ph.D.Director
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Current Projection
New Generation for 2014
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Why Not?
New Generation for 2014
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Economic Context
The economic implications of fuel purchases in Florida are large At $2.50/gal = $23 billion/year for automotive fuel.
Plus another $17 billion/year for electricity yields a total of $40 billion/year
At least half ($20 billion per year) leaves Florida’s economy as fuel payments to other states and nations.
Keeping this money in Florida would result in $40 to $60 billion/year (2-3 times the $20 billion exported) in real economic activity and job creation.
Florida ranks 5th nationally in the amount of energy consumed per capita and 3rd in total energy consumption. (This statistic does not account for tourists.)
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Growth Opportunities
Florida has one of the nation’s fastest growing populations (1,000 new residents per day), promoting rapid expansion of an energy industry that imports its fuel supplies.
160,000 new homes per year in Florida
The tourist industry brings upwards of 80 million visitors a year to Florida, adding to the burgeoning demand.
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Florida Solar Energy Center
Created in 1975 by the Florida Legislature The energy research institute of the state of Florida Mission is research, testing and education More than $9 - 12 million annually in external
contracts and grants The experience, staff (>140) and capabilities to help
solve our energy problems and help meet our energy needs
Began as a “solar energy” center, but grew into many new research and development areas
Housed in one of the world’s most energy-efficient buildings.
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Florida Solar Energy Center
Creating Energy Independence Since 1975
A Research Institute of the University of Central Florida
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FSEC Program Areas
High-Performance Buildings (energy efficiency)
Solar Thermal Systems (today’s cost-effective solution)
Photovoltaics (solar electricity) Testing & Certification (protecting Florida’s citizens)
Hydrogen and Fuel Cells (the future’s fuels and engines)
Education and Training (Florida’s workforce for today and the future)
Alternative Fuels & Transportation (an agricultural opportunity for Florida)
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Some FSEC Highlights
Our buildings research has helped save state residents more than $2.2 billion in energy costs.
Our solar research has led to more than 250,000 solar water heating systems installed in the state – saving homeowners $30 million annually.
We have trained more than 15,000 industry professionals, government officials and others.
Our PV research has helped accelerate a market now growing 30 percent annually.
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The Art of the PossibleThe Lakeland House
Project
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Efficiency First
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Electric Power:Business-as-usual?
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Residential Dominates
2004 Actual Energy Use by Sector (233 TWh)
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Governor Bush on Energy
“… the cheapest, easiest and fastest kilowatt we can generate is the one
we save through efficiencies. There is a
consensus on conservation and
efficiency, so let us start there.”
Jeb Bush, 2000
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Pay Me Now Or . . .Pay me more later!
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#1 Recommendatio
n
“Create or designate an entity to oversee state energy policy. Give it the authority, responsibility and appropriations it needs and hold it accountable for accomplishing its mission.”
Source: “Florida’s Energy Future: Opportunities for Our Economy, Environment and Security.” Report to Florida DEP, January 2004. (available online at www.fsec.ucf.edu)
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New Opportunities:Federal Tax Credits!
$2,000 to builders of highly efficient new residences
30% of expenditures, up to $2,000, to purchasers of residential solar hot water systems
30% of expenditures, up to $2,000, to purchasers of residential PV systems.
Up to $500 for energy-efficiency improvements to existing homes.
Residential Buildings
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Sweetening the Pot
There are many additional federal income tax incentive opportunities in commercial buildings, transportation, etc.
But, . . . If Florida wants to maximize the availability of federal income tax incentives and transform its marketplace for high-efficiency buildings, then Florida will need to step up to the plate and provide additional incentives.
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Example Incentives
Add the following performance-based Florida consumer rebates to to the federal income tax credits: Solar hot water systems – $0.30 per
annual kWh equivalent saved Home efficiency – $0.30 per annual kWh
equivalent saved Photovoltaic systems – $2.50 per peak
watt installed (minimum installation = 2 kW-peak)
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Payoff to Florida
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The 25 TWh Example
160,000 new Florida homes per year 24,000 tax credit homes per year 24,000 solar water heaters per year
6.2 million existing Florida homes 62,000 home improvements (15%) per
year 62,000 solar water heaters per year
Photovoltaic Systems 9,000 PV systems per year (2 kW peak)
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Off-the-Shelf Technology
40% annual energy savings (~$630)
2.06 kW
2000 sq.ft., 3 BR, single story, concrete block home
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Florida Benefits
Total energy savings 24.7 TWh
Total consumer cost savings
$2.47 billion
Total fuel not purchased $1.24 billion
Avoided capacity 1,669 MW
Avoided generation costs $1.67 billion
New jobs 126,000
Tradable renewable energy credits (TRECs)
$420 million
CO2 savings 26.4 million tons
Cumulative Ten Year Totals
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Costs & Benefits
Cost ($mil)
Benefit (GWh)
Example Florida “Home Improvement” program $374* 4,497
2004 Florida DSM program
$240 239
* 50% of Florida “Home Improvement” costs covered by federal tax credits – actual cost to Florida is only $187 million per year.
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The Homes Benefit
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A Very Different Result
Old Pie New Pie