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
