SMUD - PV Pioneer II Loan (California)

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Summary

Last modified on May 23, 2011.

Financial Incentive Program

Place California

Name SMUD - PV Pioneer II Loan
Incentive Type Utility Loan Program
Applicable Sector Commercial, Residential
Eligible Technologies Photovoltaics
Active Incentive No

Implementing Sector Utility
Energy Category Renewable Energy Incentive Programs
Amount About 50% of system cost; loan available















Maximum Incentive Over 550 systems










Program Administrator Sacramento Municipal Utility District
Website http://www.smud.org/green/solar/index.html
Date added to DSIRE 2002-09-20
Last DSIRE Review 2003-11-18



References DSIRE[1]


Summary

The PV Pioneer II budgetary limit for 2003 has been reached. The Sacramento Municipal Utility District (SMUD) will not accept new applications until 2004.

The PV Pioneers II program, managed by SMUD, began in the summer of 1997. At that time, the Board of Directors at SMUD approved a $9.4 million contract for at least 2.5 megawatts of building-integrated photovoltaics to be installed by the end of 2002.

The PV Pioneers II program officially replaced the PV Pioneers I program in 1999. The PV Pioneers II program allows customers to purchase installed roof-mounted PV systems from the utility for (approximately) less than $7,000. The system costs approximately $7 per watt and the customer is responsible for financing $3.50 per watt (which covers the cost of construction). Therefore, SMUD buys down about half the cost of the system and then provides a financed loan to cover the balance. The loan is repaid over a period of ten years at a financing rate of 9.25%. Both traditional PV modules and building-integrated PV "roof shingles" are available under the program. Customers receive net metering, so that when the PV system produces more energy than the customer’s load, the electric meter turns backwards.


Incentive Contact

Contact Name Tammy Tabor
Department Sacramento Municipal Utility District

Address P.O. Box 15830

Place Sacramento, California
Zip/Postal Code 95852-1830
Phone (888) 742-7683


Email TTabor@smud.org
Website http://www.smud.org
     
     

  • Incentive and policy data are reviewed and approved by the N.C. Solar Center's DSIRE project staff.[1]

References

  1. 1.0 1.1  "Database of State Incentives for Renewables and Efficiency (DSIRE)"