Silicon Valley Power - Solar Electric Buy Down Program (California)
Last modified on December 17, 2014.
Financial Incentive Program
|Name||Silicon Valley Power - Solar Electric Buy Down Program|
|Incentive Type||Utility Rebate Program|
|Applicable Sector||Commercial, Residential|
|Energy Category||Renewable Energy Incentive Programs|
|Amount|| Incentives step down over time as installed capacity goals are met. Check program web site for current incentive level.|
Rebate levels as of 9/20/12:
Residential: 2.00/watt AC
|Eligible System Size||Maximum size: 1 MW|
|Equipment Requirements|| Must use CEC-certified PV modules and inverters |
Minimum 10-year warranty.
|Installation Requirements||System must be installed by a licensed contractor, unless installed by the SVP customer.|
|Maximum Incentive|| Residential: 20,000|
|Program Administrator||Silicon Valley Power|
|References||DSIREDatabase of State Incentives for Renewables and Efficiency|
Silicon Valley Power (SVP) offers incentives for the installation of new grid-connected solar electric (photovoltaic, or PV) systems. Incentive levels will step down over the life of the program as certain installed capacity goals are met. As of September 2012, residential SVP customers are eligible for a rebate of $2.00 per watt AC up to $20,000 (10 kilowatts). Commercial SVP customers are eligible for a rebate of $1.10 per watt AC for systems up to 100 kilowatts (kW). Commercial systems greater than 100 kW but smaller than 1 megawatt (MW) are eligible for a performance based incentive of $0.15 per kilowatt hour (kWh). Performance based incentives are paid to the customer quarterly for a period of five years. Please refer to program web site for current incentive rates.
Customers must have received an energy audit by SVP or other approved entity within the last two years to identify all other energy efficiency opportunities in addition to PV.
|Contact Name||Energy Conservation Hotline|
|Department||Silicon Valley Power|
|Address||1500 Warburton Avenue|
|Place||Santa Clara, California|
- Incentive and policy data are reviewed and approved by the N.C. Solar Center's DSIRE project staff.