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Residential Solar PV Incentive Calculations

Residential Solar Investment Program Incentive Step History
 

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

 

 

EPBB Sample Calculation - Step 12

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%

 

 

PBI Sample Calculation - Step 12

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

 

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