California Incentives/Policies for Renewables & Efficiency |
 |
Last DSIRE Review: 02/04/2013
Program Overview:
| State: |
California |
| Incentive Type: |
Utility Rebate Program |
| Eligible Renewable/Other Technologies: |
Photovoltaics |
| Applicable Sectors: |
Commercial, Industrial, Nonprofit |
| Amount: | Expected Performance Based Incentive (for systems up to 1 MW): $0.65/watt AC; incentive adjusted based on expected performance
Performance Based Incentive: $0.10/kWh for 5 years or $0.06/kWh for 10 years
Incentives are decreased for systems > 1 MW |
| Maximum Incentive: | $650,000 for up-front incentives at current $0.65/W incentive level. |
| Eligible System Size: | 1MW per step per customer. Currently in step 7 of 10-step program. Therefore, incentives will apply to 4MW maximum. |
| Ownership of Renewable Energy Credits: | SMUD |
| Web Site: |
https://www.smud.org/en/business/environment/solar-for-your-busin...
|
Summary:
SMUD offers cash incentives to commercial, industrial, and non-profit customers who install solar photovoltaic (PV) systems. Customers have the option of taking a one-time, up-front payment through the Expected Performance Based Incentive (EPBI) or payments over the course of 5 years through the Performance Based Incentive (PBI)
As of February 2013, the current EPBI is $0.65/W-AC for systems up to 1 MW but will be adjusted based on the expected performance of the system, which is affected by factors such as inverter efficiency, orientation, tilt and shading. When determining the expected performance, factors such as components used, system orientation, and shading will be considered. An incentive calculator can be accessed at https://smud.powerclerk.com/.
Customers who install systems under the performance-based incentive (PBI) will have their actual energy production measured during the course of the contract period. Options include a 5-year PBI at $0.10/kWh. Systems greater than 1 MW would receive lower incentive rates.
Under a third-party power purchase agreement arrangement, participants are eligible for the 5-year PBI option only regardless of system size; the up-front incentive is not an option.
Note that these incentive amounts will decline over time as installation targets are met.
Rebate recipients must comply with SMUD interconnection and net-metering agreements and must agree that all environmental and air quality credits (also known as renewable energy credits) resulting from the installation remain with SMUD. Reduced incentive amounts can be negotiated should customer want to retain the RECs. The SMUD PV Incentive Handbook and other documents can be obtained at the following link: https://www.smud.org/en/business/environment/solar-for-your-business/solar-basics.htm.
|
Contact:
| |
Jim Barnett
Sacramento Municipal Utility District
6201 S Street
PO Box 15830
Sacramento, CA 95852-1830
Phone: (916) 732-6762
E-Mail: JBarnet@smud.org
Web Site: http://www.smud.org/
|
|
|
|
 |
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.
|
