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On June 13, the California Energy Commission (CEC) approved a Renewable Investment Plan (RIP), which would provide $101 million USD to the CEC's Emerging Renewables Buydown Account from 2002 to 2006. This sum will be added to any money left over from the current program, originally worth $54 million USD, at the end of this year. The money, allocated for PV, and other renewables, would be used to continue an energy rebate of $4.50 per watt, or 50 percent of system costs. The buydown amount was raised from $3 per watt last May (see PI 6/2001, p. 18). Recommendations were also made to provide additional funding for market transformation and educational activities. According to Tor Allen of the California PV Alliance, a lobby group of Californian PV professionals, the RIP, which is now headed to the state legislature to be drafted as a bill, probably won't be voted on until autumn. William
P. Hirshman
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