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The stimuluspackage is designed to address the recession and in the short term people were anxiously awaiting two key components of the plan: clarification on the details behind “ grants in lieu of tax credits ” and awards of loan guarantees by the DOE from section 1705. Billion vs. $28.3 Billion in 2008). Five months ago.
The new digital meters are being installed by the thousands in many utility districts, and in SoCal Edison’s case, they expect to be fully installed by 2012. The grid today could handle many millions of EVs charging late at night when rates are lowest. To be honest, we’ll be very lucky to see that many.
And at the headquarters of Pacific Gas and Electric, utility executives are preparing “heat maps” of neighborhoods that they fear may overload the power grid in their exuberance for electric cars.&#. And local electrical grids may need reinforcement. Here’s the full text of the entire article, in case the link goes bad: [link].
Last year people were able to get unleveraged tax equity financing to monetize the production tax credits at yields to the tax investor of 6-7%; this year tax equity investors are seeking yields ranging from 10-15% for leveraged tax equity transactions utilizing the investment tax credit that is now available under the Stimulus Bill.
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