delivery approaches emerge as the most
advantageous for Raleigh.
An Evolving Renewable
Energy Market
Perhaps the singular goal of the entire 2008-
2009
renewable energy incentive programs
was to provide seed money broadly and let
the market and innovation decide the best
options for the long term. Like most of the
energy sector, there still remains much uncertainty as
to the evolution and future of the renewable market.
Under these continuing circumstances, it is
recommended that the City monitor the following
major issues:
Federal support has increased the demand for
many renewable energy products, and in turn
has reduced the unit cost of many products –
the cost of solar panels is an example. The
impact of reduced Federal stimulus on market
prices should be monitored.
Federal grant monies have encouraged many
units of state and local government to
participate in a wide variety of renewable
energy programs, products, and delivery
models with minimal short-term financial risks.
There still remains much uncertainty about the
long-term risks associated with partnering with
private sector firms who were formed to take
advantage of the Federal and state incentive
programs. This is especially true for renewable
energy systems that have been promised with
performance lives of 20 to 30 years. The City
should monitor and develop mitigation
strategies.
Renewable energy technologies and products
continue to evolve and generally lack the long-
term performance history possessed by more
common construction products. The City
should make provisions for determining the risk
and rewards associated with new renewable
energy products when doing business case
analyses against more traditional products.
In a future scenario where Federal support may
change, it will become increasingly important
for the City to have a rigorous system for
tracking performance and developing on-going
performance metrics.
Existing Projects
The Team began by identifying projects and programs
their departments had put in place since the original
greenhouse gas inventory of municipal operations was
performed in 2007. This allowed the Team to track
Future Key Renewable Energy Issues
Impact of Federal actions on market prices
Increased financial concerns as Federal grant
programs evolve
Public-Private partnership opportunities and incentives
Long-term performance history and operational
reliability of cutting-edge renewable technologies
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