U.S. Virgin Islands - Renewable Energy Feed-in-Tariff (Virgin Islands)
Last modified on February 12, 2015.
Financial Incentive Program
|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|
|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.|
|References||DSIREDatabase of State Incentives for Renewables and Efficiency|
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.
|Contact Name||Don Buchanan|
|Department||Virgin Islands Energy Office|
|Address 2||4101 Estate Mars Hill|
|Place||Frederiksted, Virgin Islands|
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|
- Incentive and policy data are reviewed and approved by the N.C. Solar Center's DSIRE project staff.