Driving Renewable Energy: Session Summary

“Driving Renewable Energy”

2010 CSG Economic Summit of the States
New York, NY, May 21, 2010

Session Summary

Janet Joseph, Scott Hunter, and Nick Chaset engaged in a discussion with state leaders on how states can advance renewable energy generation deployment during the session “Driving Renewable Energy,” at CSG’s Economic Summit of the States in New York City.

Janet Joseph is the vice president for technology and strategic planning at the New York State Energy Research and Development Authority (NYSERDA) where she oversees a multifaceted energy research program focused on developing and accelerating the market introduction of emerging energy efficient and clean energy technologies in New York.  Joseph discussed NYSERDA’s role in nurturing businesses and accelerating the commercialization of emerging clean energy technologies in New York through its Clean Energy Research & Market Development Program and through joint efforts with industrial partners.

Scott Hunter, renewable energy program administrator for the New Jersey Board of Public Utilities, discussed how New Jersey’s approach to solar photovoltaic market development has evolved over time with experience gained in program implementation, changes in the market, and increasing aspirations toward the potential for the market.

And Nick Chaset, manager of regulatory affairs for Renewable Funding, discussed Property Assessed Clean Energy (PACE) financing, a concept which has quickly captured national attention as a new source of capital for energy efficiency and renewable energy improvements.

The session focused on a variety of financing tools that are available to state clean energy funds and programs to support solar photovoltaic technology and other renewable energy projects.  Traditionally, states have historically relied heavily on rebates and other forms of direct project assistance.  States are now looking for ways to leverage available funding.  The speakers provided an overview of established and emerging financing tools that states can use to support renewable energy projects of all sizes.