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Virgin Islands

Virgin Islands

Incentives/Policies for Renewables & Efficiency

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U.S. Virgin Islands - Renewable Energy Feed-in-Tariff   

Last DSIRE Review: 06/25/2014
Program Overview:
State: Virgin Islands
Incentive Type: Performance-Based Incentive
Eligible Renewable/Other Technologies: Photovoltaics
Applicable Sectors: Commercial, Industrial, Residential, General Public/Consumer, Nonprofit, Schools, Local Government, State Government, Agricultural, Institutional
Amount:Expected to be approxmimately $.26 per kWh
Terms:Power purchase agreements between the Virgin Islands Water and Power Authority (WAPA) and consumers for terms of 10 to 30 years. Guaranteed payments at costs of less than avoided costs for WAPA utility.
Eligible System Size:10 kW to 500 kW
Ownership of Renewable Energy Credits:not specified
Web Site: http://www.vienergy.org/
Authority 1:
Virgin Islands Code Title 12, Chapter 23, Subchapter VII, ยง. 1161-1168
Authority 2:
Date Enacted:
Date Effective:
A 7586
04/29/2014
05/16/2014
Summary:

In May of 2014 the Virgin Islands enacted A 7586, the FIT Act, that instructed the public services comission to create a feed-in-tariff for solar photovoltaic systems. The Public Services Commission (PSC) will offer solar photovotaic system owners a standard contract with terms between 10 and 30 years. The PSC is expected to initially offer $.26 per kilowatt hour (kWh) and will periodically review the rate based upon that avoided cost rate of the utility, the Virgin Islands Water and Power Authority (WAPA). Owners of photovoltaic systems between 10 kilowatts (kW) and 500 kW will be eligible to enter into these contracts.

There is a 10 MW limit for aggregate production via feed-in-tariff contracts on the islands of St. Thomas, St. John, Water Island, and other offshore keys and islands and a similar 5 MW limit for contracts on the Island of St. Croix.


 
Contact:
  Don Buchanan
Virgin Islands Energy Office
Energy Office
4101 Estate Mars Hill
Frederiksted, VI 00840
Phone: (340) 713-8436
E-Mail: dbuchanan@vienergy.org
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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 2013 - 2014 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.