the impact and cost-effectiveness of the missouri solar rebate erin noble nicholas school of the...
TRANSCRIPT
![Page 1: The Impact and Cost-Effectiveness of the Missouri Solar Rebate Erin Noble Nicholas School of the Environment Duke University Advisor: Randy Kramer](https://reader035.vdocuments.mx/reader035/viewer/2022081513/56649c9b5503460f94959751/html5/thumbnails/1.jpg)
The Impact and Cost-Effectiveness of the Missouri Solar Rebate
Erin NobleNicholas School of the Environment
Duke UniversityAdvisor: Randy Kramer
![Page 2: The Impact and Cost-Effectiveness of the Missouri Solar Rebate Erin Noble Nicholas School of the Environment Duke University Advisor: Randy Kramer](https://reader035.vdocuments.mx/reader035/viewer/2022081513/56649c9b5503460f94959751/html5/thumbnails/2.jpg)
Evaluating the Missouri Solar Rebate:Scope and Objectives
![Page 3: The Impact and Cost-Effectiveness of the Missouri Solar Rebate Erin Noble Nicholas School of the Environment Duke University Advisor: Randy Kramer](https://reader035.vdocuments.mx/reader035/viewer/2022081513/56649c9b5503460f94959751/html5/thumbnails/3.jpg)
Solar Industry Overview
![Page 4: The Impact and Cost-Effectiveness of the Missouri Solar Rebate Erin Noble Nicholas School of the Environment Duke University Advisor: Randy Kramer](https://reader035.vdocuments.mx/reader035/viewer/2022081513/56649c9b5503460f94959751/html5/thumbnails/4.jpg)
Solar Industry Overview
![Page 5: The Impact and Cost-Effectiveness of the Missouri Solar Rebate Erin Noble Nicholas School of the Environment Duke University Advisor: Randy Kramer](https://reader035.vdocuments.mx/reader035/viewer/2022081513/56649c9b5503460f94959751/html5/thumbnails/5.jpg)
Solar Industry Overview
Reason for Rapid Expansion #1: Decreasing Price of Solar
![Page 6: The Impact and Cost-Effectiveness of the Missouri Solar Rebate Erin Noble Nicholas School of the Environment Duke University Advisor: Randy Kramer](https://reader035.vdocuments.mx/reader035/viewer/2022081513/56649c9b5503460f94959751/html5/thumbnails/6.jpg)
Solar Industry Overview
Reason for Rapid Expansion #2: Higher Electric Rates
![Page 7: The Impact and Cost-Effectiveness of the Missouri Solar Rebate Erin Noble Nicholas School of the Environment Duke University Advisor: Randy Kramer](https://reader035.vdocuments.mx/reader035/viewer/2022081513/56649c9b5503460f94959751/html5/thumbnails/7.jpg)
2008 Prop C: Missouri Clean Energy Initiative
$2
![Page 8: The Impact and Cost-Effectiveness of the Missouri Solar Rebate Erin Noble Nicholas School of the Environment Duke University Advisor: Randy Kramer](https://reader035.vdocuments.mx/reader035/viewer/2022081513/56649c9b5503460f94959751/html5/thumbnails/8.jpg)
Part 1: GrowthMethod
![Page 9: The Impact and Cost-Effectiveness of the Missouri Solar Rebate Erin Noble Nicholas School of the Environment Duke University Advisor: Randy Kramer](https://reader035.vdocuments.mx/reader035/viewer/2022081513/56649c9b5503460f94959751/html5/thumbnails/9.jpg)
Comparison: In-state Growth
![Page 10: The Impact and Cost-Effectiveness of the Missouri Solar Rebate Erin Noble Nicholas School of the Environment Duke University Advisor: Randy Kramer](https://reader035.vdocuments.mx/reader035/viewer/2022081513/56649c9b5503460f94959751/html5/thumbnails/10.jpg)
Comparison: Out-of-state Growth
![Page 11: The Impact and Cost-Effectiveness of the Missouri Solar Rebate Erin Noble Nicholas School of the Environment Duke University Advisor: Randy Kramer](https://reader035.vdocuments.mx/reader035/viewer/2022081513/56649c9b5503460f94959751/html5/thumbnails/11.jpg)
Part 2: Cost-EffectivenessMethod
![Page 12: The Impact and Cost-Effectiveness of the Missouri Solar Rebate Erin Noble Nicholas School of the Environment Duke University Advisor: Randy Kramer](https://reader035.vdocuments.mx/reader035/viewer/2022081513/56649c9b5503460f94959751/html5/thumbnails/12.jpg)
Solar Rebate ($2 per watt)
Natural Gas: Conventional Combined
Coal Wind Natural Gas: Advanced Combustion Turbine
Nuclear
Capital Cost per MWh
$60.88 $17.5 $65.3 $83.9 $31.6 $90.1
Operation & Maintenance
$0 $1.9 $3.9 $9.6 $5.5 $11.1
Variable O&M incl. Fuel
$0 $45.6 $24.3 $0 $62.9 $11.7
Transmission $0 $1.2 $1.2 $3.5 $3.5 $1
Utility Cost per MWh
$60.88 $66.20 $94.70 $97.00 $103.50 $113.90
U.S. Average Levelized Costs (2009 $ per MWh) for plants entering service in 2016
The Solar Rebate – A Cost-Effective Investment:It is cheaper for Missouri utilities to invest in the solar rebate
than to build new power plants
![Page 13: The Impact and Cost-Effectiveness of the Missouri Solar Rebate Erin Noble Nicholas School of the Environment Duke University Advisor: Randy Kramer](https://reader035.vdocuments.mx/reader035/viewer/2022081513/56649c9b5503460f94959751/html5/thumbnails/13.jpg)
Solar offsets expensive peak power
![Page 14: The Impact and Cost-Effectiveness of the Missouri Solar Rebate Erin Noble Nicholas School of the Environment Duke University Advisor: Randy Kramer](https://reader035.vdocuments.mx/reader035/viewer/2022081513/56649c9b5503460f94959751/html5/thumbnails/14.jpg)
Slow the dollar drain by creating energy in-state
Source: University of California Berkeley. 2004. Putting Renewables to Work: How Many Jobs can the Clean Energy Industry Generate.
![Page 15: The Impact and Cost-Effectiveness of the Missouri Solar Rebate Erin Noble Nicholas School of the Environment Duke University Advisor: Randy Kramer](https://reader035.vdocuments.mx/reader035/viewer/2022081513/56649c9b5503460f94959751/html5/thumbnails/15.jpg)
Cleaner Air, Healthier Families:Solar Rebate Reduces Fossil Fuel Emissions
Average Missouri home uses30-60 lbs. of coal a day.
1 kilowatt hour of power = 1 pound of coal
![Page 16: The Impact and Cost-Effectiveness of the Missouri Solar Rebate Erin Noble Nicholas School of the Environment Duke University Advisor: Randy Kramer](https://reader035.vdocuments.mx/reader035/viewer/2022081513/56649c9b5503460f94959751/html5/thumbnails/16.jpg)
Cleaner Air, Healthier Families: Decrease air emissions and reduce fatalities