F LORIDA S OLAR E NERGY C ENTER Creating Energy Independence Since 1975 A Research Institute of the University of Central Florida 1 Taking Charge of Our Energy Future We Can Do Much Better! James M. Fenton and Philip Fairey

2 Economic Context Florida ranks 5 th nationally in the amount of energy consumed per capita and 3 rd in total energy consumption (This statistic does not account for tourist population.) The economic implications of fuel purchases in Florida are large At $2.50/gal = $23 billion/year for automotive fuel. Plus another $20 billion/year for electricity yields a total of $43 billion/year At least half ($20 billion per year) leaves Floridas economy as fuel payments to other states and nations. Keeping this money in Florida would result in $40 to $60 billion/year (2-3 times the $20 billion exported) in real economic activity and job creation.

3 Current Projection New Generation for 2014 Source:

4 Residential Dominates 2004 Actual Energy Use by Sector (233 TWh) Source:

5 Why Not This? New Generation for 2014 Source:

6 EPA Energy Star Homes National brand recognition Reduce total home energy use by about 15% compared to 2006 code standards Save owners money each month – monthly energy efficiency savings are greater than their costs when paid through a 30-year mortgage Save Florida citizens about 2,000 kWh per year and about 1.5 tons of CO 2 emissions per home each year

7 Energy Star Answers What it Takes? Standard minimum code features plus... Energy Star windows, refrigerator and dishwasher Three Energy Star lighting fixtures A substantially leak-free duct system An Energy Star air conditioner (SEER = 14) Benefits and Costs? Total estimated annual savings = 1,995 kWh Total estimated added costs = $1,600 Levelized cost of energy savings = 6¢ per kWh

8 Where Florida Stands 7 States => 15% market share

9 The Art of the Possible The First Zero Energy Home

10 Efficiency First $2400 at $0.12/kWh $1800 at $0.12/kWh

11 Florida PV Rebates From 30 th to 9 th through Floridas Energy Act

12 Photovoltaic Costs

13 The 25 TWh Example 160,000 new Florida homes per year 24,000 tax credit homes per year 24,000 solar water heaters per year 6.2 million existing Florida homes 62,000 home improvements (15%) per year 62,000 solar water heaters per year Photovoltaic Systems 9,000 PV systems per year (2 kW peak) 15% of new home starts Source:

14 Off-the-Shelf Technology 40% annual energy savings (~$630) 2.06 kW 2000 sq.ft., 3 BR, single story, concrete block home

15 Florida Benefits Total energy savings24.7 TWh Total consumer cost savings$2.47 billion Total fuel not purchased$1.24 billion Avoided capacity1,669 MW Avoided generation costs$1.67 billion New jobs126,000 Tradable renewable energy credits (TRECs) $420 million CO 2 savings26.4 million tons Cumulative Ten-Year Totals

16 Florida Potentials Study New contract with American Council for an Energy Efficient Economy (ACEEE) Expands on our 2004 Floridas Energy Future: Opportunities for Our Economy, Environment and Security report to Florida Department of Environmental Protection Detailed analysis of energy efficiency and renewable energy (EERE) potentials for Florida Preliminary results (publicly available 2/5/07)show significant savings potentials for both new and existing buildings Final report from ACEEE due in late early March.

17 Californias Example $600 per capita at $0.12/kWh

18 For Further Information James M. Fenton, Director (321) Philip Fairey, Deputy Director (321) Main FSEC web site Taking Charge of Our Energy Future