U.S. Virgin Islands - Renewable Energy Feed-in-Tariff (Virgin Islands)

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Summary

Last modified on February 12, 2015.

Financial Incentive Program

Place Virgin Islands

Name U.S. Virgin Islands - Renewable Energy Feed-in-Tariff
Incentive Type Performance-Based Incentive
Applicable Sector Commercial, Industrial, Residential, General Public/Consumer, Nonprofit, Schools, Local Government, State Government, Agricultural, Institutional
Eligible Technologies Photovoltaics
Active Incentive Yes

Implementing Sector State/Territory
Energy Category Renewable Energy Incentive Programs
Amount Expected to be approxmimately .26 per kWh




Eligible System Size 10 kW to 500 kW












Ownership of Renewable Energy Credits not specified







Terms Power purchase agreements between the Virgin Islands Water and Power Authority (WAPA) and consumers for terms of 10 to 30 years. Guaranteed payments at costs of less than avoided costs for WAPA utility.

Website http://www.vienergy.org/
Date added to DSIRE 2014-06-24
Last DSIRE Review 2014-06-25



References DSIREDatabase of State Incentives for Renewables and Efficiency[1]


Summary

In May of 2014 the Virgin Islands enacted A 7586, the FIT Act, that instructed the public services comission to create a feed-in-tariff for solar photovoltaic systems. The Public Services Commission (PSC) will offer solar photovotaic system owners a standard contract with terms between 10 and 30 years. The PSC is expected to initially offer $.26 per kilowatt hour (kWh) and will periodically review the rate based upon that avoided cost rate of the utility, the Virgin Islands Water and Power Authority (WAPA). Owners of photovoltaic systems between 10 kilowatts (kW) and 500 kW will be eligible to enter into these contracts.


There is a 10 MW limit for aggregate production via feed-in-tariff contracts on the islands of St. Thomas, St. John, Water Island, and other offshore keys and islands and a similar 5 MW limit for contracts on the Island of St. Croix.


Incentive Contact

Contact Name Don Buchanan
Department Virgin Islands Energy Office

Address Energy Office
Address 2 4101 Estate Mars Hill
Place Frederiksted, Virgin Islands
Zip/Postal Code 00840
Phone (340) 713-8436


Email dbuchanan@vienergy.org

     
     

Authorities (Please contact the if there are any file problems.)

Authority 1: Virgin Islands Code Title 12, Chapter 23, Subchapter VII, §. 1161-1168




Authority 2: A 7586
Date Effective 2014-05-16
Date Enacted 2014-04-29


















  • 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"