“The federal government incentivizes growth of renewable power, comparable to photo voltaic and wind, via using tax credit and accelerated depreciation,” stated Miriam S. Wrobel, a senior managing director at FTI Consulting in San Francisco. “Typically, public entities comparable to airports can not make the most of the tax advantages, so third events personal the belongings and promote the power generated to the airport.”
Costs are locked for 20 to 25 years, however the proprietor will get paid solely when the power is flowing.
The bid for the Tallahassee mission was gained by Origis Vitality, a Miami agency that provides clear power storage options. Johan Vanhee, Origis’s chief industrial officer, stated the airport mission was a departure for the corporate. “We’re a wholesale generator of renewable power,” he stated. “Ninety-nine p.c of our vegetation will not be on airports.”
A decade in the past, a module alone price round $2.50 per watt, and now a complete utility-scale photovoltaic system prices round $1 per watt, stated David J. Feldman, a senior monetary analyst in Washington for the Nationwide Renewable Vitality Laboratory, a analysis heart primarily based in Golden, Colo., and funded by the Vitality Division.
“Photo voltaic prices have come down considerably within the final decade,” stated Alicen Kandt, senior engineer on the Nationwide Renewable Vitality Lab. “It turns into interesting in areas that will appear lower than excellent.”
A type of neglected areas is Maine, the place a photo voltaic mission proposed for Augusta State Airport is predicted to supply 7.5 megawatts of capability, all of it returned to the grid.
“It’s open house, no hazard to anyone, the state owns it, and it helps taxpayers and the setting,” Paul Merrill, a spokesman for Maine’s Division of Transportation, stated of the mission, which is predicted to save lots of the state $6 million over 20 years.