Implementing Sector: | Utility |
Category: | Financial Incentive |
State: | Texas |
Incentive Type: | Performance-Based Incentive |
Web Site: | https://austinenergy.com/ae/green-power/solar-solutions/for-your-business/solar-photovoltaic-pv-incentives |
Administrator: | Austin Energy |
Utilities: | Austin Energy |
Eligible Renewable/Other Technologies: | Solar Photovoltaics |
Incentive Amount: | Varies base on capacity |
Maximum Incentive: | Will not exceed amount on Letter of Intent |
Terms: | 10-year locked term |
Austin Energy offers a performance-based incentive to customers with a commercial account number for electricity generated by qualifying photovoltaic (PV) systems of up to 200 kilowatts (kW)-AC. The incentive rate is currently set at $0.09 per kilowatt-hour (kWh) locked for a 10-year term, but the maximum incentive cannot exceed 80% of the PV system invoice cost. Systems rated up to 20 kW-AC are also eligible for net metering.
In order to qualify for this program, PV modules must be new and be listed on the California Energy Commission's Go Solar web site. In addition, all solar panels must have a 20-year manufacturer warranty, all inverters must have a 10-year manufacturer warranty, and all systems must have a 10-year installer's warranty. Licensed electrical contractors must obtain the appropriate permits and perform all electrical connections.
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