Incentives/Policies for Renewables & Efficiency
Last DSIRE Review: 09/04/2012
||Utility Rebate Program
|Eligible Renewable/Other Technologies:
||Commercial, Residential, Nonprofit, Local Government, State Government, Institutional
|Amount:||Systems up to 30 kW have the option of receiving an expected performance based buydown (EPBB) or a performance based incentive (PBI). Systems larger than 30 kW are only eligible for the PBI.|
EPBB (effective 6/1/12):
Residential: $1.40/watt AC
Commercial and all PPAs: $0.85/watt AC
Non-profits and Government: $1.60/watt AC
Income-qualified residential: $4.00/watt
PBI (effective 6/1/11):
Commercial and all PPAs: $0.129/kWh
Non-profit and Government: $0.242/kWh
Income-qualified residential: $0.632/kWh
PBI is awarded for the first 5 years of the system's operation.
|Eligible System Size:||Minimum system size: 1 kW|
Maximum system size: 1,000 kW
|Equipment Requirements:||Must use CEC-certified PV modules and inverters.|
Systems must be grid-connected.
Inverters and modules must each carry a 10-year warranty.
PV modules must be UL 1703-certified
Inverters must be UL 1741-certified, and tested by the Energy Commission
|Installation Requirements:||PWP recommends hiring a licensed California solar contractor |
|Ownership of Renewable Energy Credits:||Remains with customer-generator|
Pasadena Water & Power (PWP) offers its electric customers a rebate for photovoltaic (PV) installations, with a goal of helping to fund the installation of 14 megawatts (MW) of solar power by 2017. The rebate amount varies depending on the customer class installing the system and the system's size. Systems up to 30 kilowatts (kW) are eligible for the Expected Performance Based Buydown (EPBB) or can opt for the performance based incentive (PBI). The EPBB provides a one-time lump sum payment after installation and inspection approval based on the system's estimated AC energy output. The energy output is estimated using the California Energy Commission's Clean Power Estimator, which accounts for installation factors such as current and future shading and system orientation. The PBI awards payments based on the actual metered electricity production of the system during its first five years. Larger systems, over 30 kW and up to 1,000 kW, are only eligible for the PBI.
As required by the California Solar Initiative, the PBI and EPBB incentive levels will step down annually over the 10-year life of this program. As of June 1, 2012, the base rate for the EPBB is $1.40/watt AC for residential, $0.85/watt for commercial, $1.60/watt for non-profits and government, and $4.00/watt for income-qualified residential. These levels are reduced depending on the Clean Power Estimator's analysis of the system. The current rate for the PBI is $0.212/kWh for residential. $0.129/kWh for commercial, $0.242/kWh for non-profit and government applicants, and $0.632/kWh for income qualified residential.
Disclaimer: The information presented on the DSIRE web site provides an unofficial overview of financial incentives and other policies. It does not constitute professional tax advice or other professional financial guidance, and it should not be used as the only source of information when making purchasing decisions, investment decisions or tax decisions, or when executing other binding agreements. Please refer to the individual contact provided below each summary to verify that a specific financial incentive or other policy applies to your project.
While the DSIRE staff strives to provide the best information possible, the DSIRE staff, the N.C. Solar Center, N.C. State University and the Interstate Renewable Energy Council, Inc. make no representations or warranties, either express or implied, concerning the accuracy, completeness, reliability or suitability of the information. The DSIRE staff, the N.C. Solar Center, N.C. State University and the Interstate Renewable Energy Council, Inc. disclaim all liability of any kind arising out of your use or misuse of the information contained or referenced on DSIRE Web pages.
Copyright 2012 - 2013 North Carolina State University, under NREL Subcontract No. XEU-0-99515-01. Permission granted only for personal or educational use, or for use by or on behalf of the U.S. government. North Carolina State University prohibits the unauthorized display, reproduction, sale, and/or distribution of all or portions of the content of the Database of State Incentives for Renewables and Efficiency (DSIRE) without prior, written consent.