Residential Solar Investment Program Incentive History

Residential Solar Investment Program Incentive History

The table below shows the history of the program steps for the Expected Performance Based-Buydown (EPBB) and the Performance-Based Incentive (PBI). 

 

Steps    Start Date    EPBB Incentive    PBI Incentive 
         <=5kW   > 5kW to 10kW     <= 10kW   <= 20kW 
                     
1         March 2, 2012         $2.450/Watt        $1.250/Watt         $0.300/kWh          -
2    May 18, 2012    $2.275/Watt    $0.900/Watt   $0.300/kWh    -
3    Jan. 4, 2013    $1.750/Watt    $0.550/Watt   $0.225/kWh    -
4    Jan. 6, 2014    $1.250/Watt    $0.750/Watt   $0.180/kWh    -
5    Sept. 1, 2014    $0.800/Watt    $0.400/Watt   $0.125/kWh   $0.060/kWh
6    Jan. 1, 2015    $0.675/Watt    $0.400/Watt   $0.080/kWh   $0.060/kWh
7    April 11, 2015    $0.540/Watt    $0.400/Watt   $0.064/kWh   $0.060/kWh
8    Aug. 8, 2015    $0.540/Watt    $0.400/Watt   $0.054/kWh   $0.054/kWh
9    Feb. 1, 2016    $0.513/Watt    $0.400/Watt   $0.046/kWh   $0.046/kWh
10    Sept. 1, 2016    $0.487/Watt    $0.400/Watt   $0.039/kWh   $0.039/kWh
11    Aug. 15, 2017    $0.487/Watt    $0.400/Watt   $0.039/kWh   $0.039/kWh
12    Jan. 15, 2018    $0.463/Watt    $0.400/Watt   $0.035/kWh   $0.035/kWh
13    June 1, 2018     $0.463/Watt    $0.400/Watt   $0.035/kWh   $0.035/kWh
14    Sept. 24, 2018    $0.463/Watt     $0.400/Watt   $0.035/kWh   $0.035/kWh


Note:

  • EPBB - Expected Performance Based Buy-down (Rebate)
  • EPBB is paid to Contractor on behalf of homeowner in two payments
  • PBI is paid quarterly (3 months) over six years upon validation of system generation