CPS Energy, solar installers agree on commercial rebate changes
Originally published July 9, 2013
CPS Energy and local solar installers, led by Solar San Antonio, have agreed on a plan that would lower two commercial solar rebate incentives while providing additional funds to the program, in an effort to maintain funding through the end of the year. The change provides a solution to depleted funds for solar rebates following a sudden influx of commercial applications, the San Antonio utility said. Under the plan, almost $1.7 million in solar rebate funds left unused from the previous fiscal year will be added to the current year.
As of June 27, the rebate for commercial customers is $1.60 per AC watt up to and including 25 kW, down from $2 per watt; for commercial projects exceeding 25 kW, the rebate is unchanged at $1.30 per AC watt. The maximum rebate for one project at a commercial customer will be increased from $80,000 to $100,000 or 50 percent of the total cost, whichever is less. For schools, the rebate for projects of 25 kW and less will be reduced from $2.50 to $2 per AC watt, while the maximum rebate for one project will rise from $80,000 to $100,000.
Residential rebates will remain unchanged for the time being, CPS Energy said.
"When we saw this large number of applications would exhaust this year’s commercial rebate budget, we realized how disruptive that could be to the industry," said Cris Eugster, executive vice president and chief strategy and technology officer, CPS Energy. "So we reached out to Solar San Antonio to see if we could agree on a solution. I am pleased that everyone was able to come together and agree on a solution to a real-time challenge."
Please Sign in to rate this.
Senior Vice President, Publishing
Jeanne Wickline LaBella
Editor, Public Power Daily
Fallon W. Forbush
Manager, Integrated Media
David L. Blaylock
Integrated Media Editor
- Solar deal places nonprofit under state law, N.C. appeals court says
- Hurricane Maria hits already reeling Virgin Islands, Puerto Rico
- House subcommittee schedules additional power industry hearings
- FERC says N.Y. agency relinquished right to act on certification tied to pipeline
- Sponsored Advertising FeatureWorkforce automation helps utilities avoid operational headaches
- Florida public power utilities close in on completing power restoration
- NREL says installed cost of solar power hit record lows in Q1
- Small Iowa city launches municipalization study
- Public power to participate in DOE-funded grid resilience, cybersecurity projects
- Boulder says PUC ruling gives city a 'path forward' for municipalization