Skip Navigation to main content U.S. Department of Energy Energy Efficiency and Renewable Energy
Green Power Network
About the GPNGreen Power MarketsBuying Green PowerOnsite Renewable EnergyCommunity Renewable EnergyInformation ResourcesFinancial OpportunitiesHome
News

 
 
News

Verizon to Install 10.2 MW of New Solar in 2014

August 2014

More News More News

Subscribe to E-Mail Update Subscribe to e-mail update

Events

Green Power Webinars

TBD

Previous Webinars More News

Features
Green Power Market Status Report (2011 Data) Featured Green Power Reports

News Archive

Subscribe to Green Power News

Austin Energy Launches Solar Performance-Based Incentive

March 2010 - Austin Energy commercial and multi-family customers may now apply for a performance-based incentive (PBI) rather than receiving an upfront rebate on the installation of solar systems. Austin Energy will pay a fixed payment for each kilowatt-hour of electricity produced over a 10-year period to the solar system owner and expects the program to encourage proper design and maintenance of systems to maximize production. Over the next five years, the PBI program is expected to pay an average of 8.0¢/kWh with funding being sufficient to support almost 260 solar systems, each up to 20 kW in size. Total PBI payments over the next 14 years under the plan are projected at $4.8 million.

Residential customers can also receive rebates of $2.50 per installed watt with annual rebates limited to $15K with maximum rebates set at $50K over the life of installations at a single property.

News Release - Austin Energy Launches Innovative Solar Incentive

Additional Information - Austin Energy's Power Saver Program - Solar Photovoltaics

Contact: Ed Clark, 512-322-6514



Printable Version


Skip footer navigation to end of page.