BEGINNING in January, Silicon Valley Power will begin offering a commercial solar photovoltaic (PV) rebate program for customers who install a qualifying PV system over 300 kW. The program is intended to help offset the utility’s peak demand, especially during the summer months.
Key features of the program:
- Customers investing in eligible PV systems have the flexibility to choose between an up-front rebate of $0.75 per Watt or a quarterly performance-based incentive of $0.30 per kWh paid over a two-year period.
- To qualify for the program, projects must fall within the range of 300 kW to 1 MW and may not exceed 80 percent of the customer’s annual energy usage.
- Projects must receive pre-approval on or after January 2, 2024, to be eligible. It’s important to note that projects initiated, or applications submitted before this date will not be considered. Pre-approval is granted on a first-come, first-served basis, emphasizing the importance of early participation.
- Upon pre-approval, successful applicants will have a six-month window to complete the installation of their PV systems, ensuring a prompt transition to cleaner and more sustainable energy practices.
How to get started
For detailed program information and to download the application form, visit SiliconValleyPower.com/BusinessRebates.
Silicon Valley Power is committed to driving positive change through initiatives like the Commercial Solar Rebate Program, empowering businesses to adopt environmentally friendly practices while contributing to the overall sustainability and reliability of the community.
