AEP Texas North Company - SMART Source Solar PV Rebate Program
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Rebates are offered at a flat rate of $1.20 per watt (W)-DC for residential customers and $1.05 per W-DC for non-residential customers. The maximum rebate is:
- $10,500 per residential customer (equivalent to a 10 kW system),
- $25,000 per non-residential customer (equivalent to a 25 kW system), and
- $81,450 per service provider or project owner.
The above limits no longer apply after July 1, 2015. Owners of the systems also own all renewable energy credits (RECs) or other environmental credits associated with the project.
Bonus incentive for early completion: In addition to the base incentives, a bonus incentive of $0.10/watt-dc will be paid to projects that are completed (a complete Final Application Form and all required documentation is submitted) on or before June 30, 2015. Owners of the systems also own all renewable energy credits (RECs) or other environmental credits associated with the project.
The total amount of program funding for 2015 is $90,000 for residential customers and $72,900 for non-residential customers.
PV System Eligibility
Unless used for educational purposes by a school, systems must be at least 1 kilowatt (kW)-DC in size to qualify for the rebate. Systems may not be sized to produce energy in excess of that required to meet annual on-site energy consumption. Each customer and point of service is eligible to participate in the program multiple times, subject to other program limitations (e.g., maximum per customer and per project incentive limits).
Systems must be new, connected to the grid on the customer side of the meter, meet minimum estimated performance requirements (80% of optimum), and meet all applicable code and utility interconnection requirements. Eligible systems must be covered by an all-inclusive warranty for at least five years from the date of installation. PV modules must be new and certified to UL 1703, and inverters must be new and certified to UL 1741. All installations must be performed service providers who meet program eligibility requirements. AC disconnect switches and revenue-grade solar meters (provided by the service provider) are required. Installations may be subject to a variety of inspection and performance monitoring requirements in the short- and long-term.