Residential Solar Investment Program Incentive Step History
Residential Solar Investment Program Incentive Step History
| EPBB | PBI | |||||
| Steps | Start Date | Incentive | Incentive | |||
| <= 5kW | > 5kW to 10kW | <= 10kW | <= 20kW | |||
| 1 | Mar 02, 2012 | $2.400/Watt | $1.250/Watt | Mar 02, 2012 | $.300/kWh | - |
| 2 | May 18, 2012 | $2.100/Watt | $.900/Watt | May 18, 2012 | $.300/kWh | - |
| 3 | Jan 04, 2013 | $1.750/Watt | $.550/Watt | Apr 01, 2013 | $.225/kWh | - |
| 4 | Jan 06, 2014 | $1.250/Watt | $.750/Watt | Jan 06, 2014 | $.180/kWh | - |
| 5 | Sep 01, 2014 | $.80/Watt | $.40/Watt | Sep 01, 2014 | $.125/kWh | $.06/kWh |
| 6 | Jan 01, 2015 | $0.675/Watt | $.40/Watt | Jan 01, 2015 | $0.08/kWh | $.06/kWh |
| 7 | Apr 11, 2015 | $0.54/Watt | $0.40/Watt | Apr 11, 2015 | $0.064/kWh | $.06/kWh |
| 8 | Aug 8, 2015 | $0.54/Watt | $0.40/Watt | Aug 8, 2015 | $0.054/kWh | $0.054/kWh |
| 9 | Feb 01, 2016 | $0.513/Watt | $0.40/Watt | Feb 01, 2016 | $0.046/kWh | $0.046/kWh |
| 10 | Sep 01, 2016 | $0.487/Watt | $0.40/Watt | Sep 01, 2016 | $0.039/kWh | $0.039/kWh |
Note:
- EPBB - Expected Performance Based Buy-down (Rebate)
- EPBB is paid to Contractor on behalf of homeowner in two payments
- PBI is paid quarterly (3 months) over six years upon validation of system generation
EPBB Sample Calculation - Step 10
7,800 Watt STC / 7,000 Watt (PTC) PV System
| EPBB | <= 10,000 Watt | > 10,000 to 20,000 Watt |
| $0.487/Watt | $.40/Watt |
EPBB Incentive Calculation:
EPBB = (System Size based on utility electricity usage <=5,000 Watt * $0.487) + (System Size based on utility electricity usage >5,000 Watt to 10,000 Watt * $.40)
EPBB = (5,000 * $0.487) + (2,000 * $0.40)
EPBB = $2,435 + $800
EPBB = $3,235
Note:
- EPBB is paid to Contractor on behalf of homeower
- This example assumes a PV system slightly oversized based on the home’s annual electric consumption
- This example assumes a calculated Design Factor (efficiency rating) greater than 75%
PBI Sample Calculation - Step 9
7,800 Watt STC / 7,000 Watt(stc PTC) PV System (7,9728,890 Annual Kilowatt Hours Solar Average Estimated)
| PBI | <= 20kW |
| $.039/kWh |
PBI Incentive Calculation:
PBI = 1st year system generation (8,809 * $.039) = $346.71
PBI = Estimated 6-year total (0.5% degredationdegradation rate per year) = $2,054.43
Note:
- PBI - Performance Based Incentive and paid to eligible third-party contractors
- PBI is paid quarterly (3 months) over six years upon validation of system generation
