| Implementing Sector: | Utility |
| Category: | Financial Incentive |
| State: | California |
| Incentive Type: | Rebate Program |
| Web Site: | http://siliconvalleypower.com/index.aspx?page=1954 |
| Administrator: | Silicon Valley Power |
| Eligible Renewable/Other Technologies: | Solar Photovoltaics |
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 October 2016, residential SVP customers are eligible for a rebate of $1.25 per watt AC up to $12,500 (10 kilowatts). Commercial SVP customers are eligible for a rebate of $0.65 per watt AC for systems up to 50 kilowatts (kW). Commercial systems greater than 50 kW but smaller than 1 megawatt (MW) are eligible for a performance based incentive of $0.09 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.
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A solar PV system is custom-designed for your home. Final solar system price may vary based on your location, monthly utility bill, government incentives and rebates, the condition of your home, and local installation prices. Solar PV system output and estimated savings are calculated based on several factors including product type, system production, geography, weather, shade, electricity use, full utilization of the 30% solar investment tax credit, and utility rate structures and rate increases. Savings on your total electricity costs are not guaranteed. Financing options and terms vary by location, and may not be available in all areas. Solar QC is neither the lender nor the project installer. Solar QC License# 1130591
