TVA - Mid-Sized Renewable Standard Offer Program (North Carolina)
Last modified on February 12, 2015.
Financial Incentive Program
|Place|| North Carolina
|Name||TVA - Mid-Sized Renewable Standard Offer Program|
|Incentive Type||Performance-Based Incentive|
|Applicable Sector||Commercial, Industrial, Nonprofit, Schools, Local Government, Construction, State Government, Tribal Government, Fed. Government, Agricultural, Institutional, Retail Supplier, Systems Integrator|
|Eligible Technologies||Photovoltaics, Landfill Gas, Wind, Biomass, Anaerobic Digestion|
|Energy Category||Renewable Energy Incentive Programs|
|Amount|| Seasonal and time-of-day prices are set at the date of execution of the contract agreement.|
Typical pricing for 2015: Varying between 0.029/kWh-0.051/kWh
|Eligible System Size|| 50kW-20MW
|Start Date|| 2010-10-10
|Installation Requirements|| Must be interconnected with a power distributor's or TVA's electric system
|Ownership of Renewable Energy Credits|| All credits and attributes are transferred to TVA.
|Terms||Up to 20 year contract with a 5% increase in base rates per year.|
|Program Administrator||Tennessee Valley Authority|
|References||DSIREDatabase of State Incentives for Renewables and Efficiency|
NOTE: TVA has issued additional 100 MW of capacity for Renewable Standard Offer (RSO) program for 2015. Applications for new projects will open starting January 2, 2015.
The Tennessee Valley Authority (TVA) now compliments the small generation Green Power Providers Program by providing incentives for mid-sized renewable energy generators between 50kW and 20MW to enter into long term price contracts. The goal for total production from all participants is 100MW, with no more than 50MW from any one renewable technology. The Renewable Standard Offer program also includes Solar Solution Initiative program that offers additional financial incentives for Solar Photovoltaic (PV) projects.
TVA bases the standard offer for customer generators off of a seasonal time-of-day averages chart, which sets base prices for the term of the contract. For projects approved after January 2015, prices increase at a rate of 5% per year beginning in 2016 and may be changed with 90 days’ notice by TVA (no more than 1% per year). For 2015, the average price is expected range between $0.029/kWh during low demand periods to $0.051/kWh during high demand periods. Learn more about pricing here. Generation is recorded monthly through metering equipment installed by TVA and paid for by the participant.
All energy output, Renewable Energy Credits (RECs), or other environmental attributes from installations under this program belong to TVA, and all marketing of the program should indicate that TVA (not the power seller) consumes all of the energy from these renewable energy projects. Biomass, Wind, or Photovoltaics can be interconnected through either TVA's transmission system or partners' distribution systems under 10, 15, or 20 year contracts. Biomass should co-fire 50% or more with the fuel consumption content approved by TVA and separately metered. The remainder of the biomass production can be purchased through the TVA's Dispersed Power Production Program.
Before approval, the seller must provide TVA with project financing arrangements, interconnection agreements between the seller and either TVA or a Distributor, and TVA metering installation plans at an environmentally acceptable location. The participating power producer is responsible for interconnection, performance assurance, and application costs. TVA, or an approved third party, will also perform an environmental review at the seller’s cost.
|Contact Name||Tennessee Valley Authority|
|Department||Tennessee Valley Authority|
|Address||400 West Summit Hill Drive|
|Phone 2||(865) 632-4700|
Authorities (Please contact the if there are any file problems.)
|Authority 1:|| Overview of Standard Offer program
- Incentive and policy data are reviewed and approved by the N.C. Solar Center's DSIRE project staff.
- "Database of State Incentives for Renewables and Efficiency" Cite error: Invalid
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