La Plata Electric Association unveiled its renewable energy rebate program today.
Click here to visit the company’s webpage outlining the details or contact:
|Incentive Type:||Utility Rebate Program|
|Eligible Renewable/Other Technologies:||Photovoltaics, Wind, Small Hydroelectric|
|Applicable Sectors:||Commercial, Residential|
|Amount:||$2 per watt DC|
|Installation Requirements:||Systems must be grid-tied|
|Ownership of Renewable Energy Credits:||Renewable energy credits are granted to the utility for the first five years of operation|
La Plata Electric Association (LPEA) offers a one-time rebate, not to exceed the cost of the system, to residential and small commercial customers who install a solar, wind or hydropower facility. To be eligible for the rebate, the system must be grid-tied and located in LPEA’s service territory. The rebate is $2 per watt; the wattage of the system is determined as follows:
- Solar – the total installed photovoltaic (PV) panel capacity
- Solar with tracking – the total installed PV panel capacity times 1.25. This factor represents the additional energy output obtained by the use of a tracking device.
- Wind – the nameplate capacity times 0.30. This factor represents the expected energy output given the wind resources of LPEA service territory. If 12 months of hourly, site specific anemometer data can be provided, this factor may be adjusted to represent the site’s wind resource.
- Hydro – available head (in feet) times average annual flow rate (in cfs) times 84.64 (power conversion factor).
Special thanks to North Carolina State University and the Interstate Renewable Energy Council. Visit their Database of State Incentives for Renewables and Efficiency for information on areas outside of Pagosa Springs.