Residential Solar PV Incentive Calculations

Residential Solar Investment Program Incentive Step History

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

7.8 kW STC / 7 kW PTC PV System

Customer’s Annual Electric Consumption: 5,000 kWh

Estimated System Production: 7,000 kWh

EPBB Incentive Calculation:

EPBB = (5,000 * $0.463) + (2,000 * $0.40)

EPBB = $2,315 + $800

EPBB = $3,115

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. The “First 10 kW” rate applies only to the first 5 kW of system size.
This example assumes a calculated Design Factor (efficiency rating) greater than 75%

7.8 kW STC / 7 kW PTC PV System

Estimated First Year Production: 8,890 Kilowatt Hours (kWh)

Estimated 6 Year Production: 52,678 kWh

Estimated Total 6 Year PBI Payment: 52,678 * $0.035 = $1,843

Note:

PBI is paid to Eligible System Owner based on actual production
PBI is paid calendar quarterly over six years upon validation of system generation