Expected performance based buydown for systems up to 100 kW CEC-AC:
Residential, Commercial and All PPAs: $0.45/watt AC
Non-profits and Government: $0.90/watt
Income-qualified residential: $1.80/watt
Performance-based incentive for systems larger than 100 kW CEC-AC and up to 1,000 kW
Residential, Commercial and All PPAS: $0.144/kWh
Non-profit and Government: $0.288/kWh
Income-qualified residential: $0.576/kWh
PBI is awarded for the first 5 years of the system's operation.
Pasadena Water & Power (PWP) offers its electric customers a rebate for photovoltaic (PV) installations, with a goal of helping to fund the installation of 14 megawatts (MW) of solar power by 2017. The rebate amount varies depending on the customer class installing the system and the system's size. Systems up to 30 kilowatts (kW) are eligible for the Expected Performance Based Buydown (EPBB) or can opt for the performance based incentive (PBI). The EPBB provides a one-time lump sum payment after installation and inspection approval based on the system's estimated AC energy output. The energy output is estimated using the California Energy Commission's Clean Power Estimator, which accounts for installation factors such as current and future shading and system orientation. The PBI awards payments based on the actual metered electricity production of the system during its first five years. Larger systems, over 30 kW and up to 1,000 kW, are only eligible for the PBI.
As required by the California Solar Initiative, the PBI and EPBB incentive levels will step down annually over the 10-year life of this program.