February 18, 2013 (North Carolina Sustainable Energy Association)
“… The Economic, Utility Portfolio, and Rate Impact of Clean Energy Development in North Carolina [from RTI International and La Capra Associates, Inc]…is an economic analysis focused on the impacts of clean energy policy in the state…[commissioned by the] North Carolina Sustainable Energy Association (NCSEA)…[It] found that the key policy drivers of clean energy development in North Carolina include the Renewable Energy & Energy Efficiency Portfolio Standard (REPS), renewable energy investment tax credit, and Utility Savings Initiative. “…[K]ey findings include…Clean energy policies are costing electricity ratepayers less than they would have paid without these policies. By 2026, this switch to clean energy will lead to $173 million in cost savings for electricity customers…While the broader North Carolina economy lost more than 100,000 jobs from 2007-2012, the state experienced a net gain in [clean energy development] of 21,162 job years…Tax credits taken by renewable energy projects…generated $1.87 in state or local revenue for every $1.00 of incentive…[and] clean energy policies…[generated $113 million] in net revenue…”
click to enlarge“…Between 2007 and 2012, clean energy investment…increased 13-fold and generated or saved an estimated 8.2 million MWh of energy…[S]tate government energy efficiency programs saved the government an estimated $427 million of taxpayer money…[And] the total economic benefit of clean energy development in North Carolina was $1.7 billion and generated $2.56 billion in associated spending in the state economy…[M]ore than $100 million of new clean energy investment [came in just three rural counties]… “…[The NC] clean energy industry includes over 1,100 companies found in all regions of our state…[and] includes renewable energy, energy efficiency, high performance building, smart grid, energy storage and electric vehicles…These companies generated at least $3.7 billion in annual revenues from in-state and out-of- state activity. Based on filings with the NC Utilities Commission, there are nearly 2,300 installed or planned renewable energy systems…”
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