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Silicon Valley Power - Solar Electric Buy Down Program


Description:

Incentive Type:

Utility Rebate Program

Eligible Renewable/Other Technologies:

Photovoltaics

Applicable Sectors:

Commercial, Residential

Amount:

Incentives step down over time as installed capacity goals are met. Check program website for current incentive level.
Rebate levels as of 7/7/11:
Residential: $2.50/watt AC
Commercial (up to 100 kW): $1.50/watt AC
Commercial (>100 kW to 1 MW): $0.20/kWh for 5 years

Maximum Incentive:

Residential: $25,000

Eligible System Size:

Maximum size: 1 MW

Equipment Requirements:

Must use CEC-certified PV modules and inverters
Minimum 10-year warranty.

Installation Requirements:

System must be installed by a licensed contractor, unless installed by the SVP customer.

Summary:

Silicon Valley Power (SVP) offers incentives for the installation of new grid-connected solar electric (photovoltaic, or PV) systems. Incentive levels will step down over the life of the program as certain installed capacity goals are met. As of July 7, 2011, residential SVP customers are eligible for a rebate of $2.50 per watt AC up to $25,000 (10 kW). Commercial SVP customers are eligible for a rebate of $1.50 per watt AC for systems up to 100 kW. Commercial systems greater than 100 kW but smaller than 1 MW are eligible for a performance based incentive of $0.20 per kilowatt hour (kWh). Performance based incentives are paid to the customer quarterly for a period of five years. Please refer to program website for current incentive rates.

Customers must have received an energy audit by SVP or other approved entity within the last two years to identify all other energy efficiency opportunities in addition to PV.