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PWP Rebates Fall August 1!
06/14/16
Categories: All About Solar Power, PWP Rebates
PWP Rebates Fall August 1!
Bad news for Pasadena Water and Power customers - we have just learned that PWP’s solar rebates will be dropping by 1/3 effective August 1st! Here are the details…
As we have noted many times in the past, Pasadena has one of the best solar rebate programs around - decent rebates, a well managed program, and good communications. Consistent with that approach we have just learned that the solar rebates are going to be reduced effective August 1st. That means that rebate applications submitted prior to then, and which are deemed complete when submitted, will qualify for the current rebate. Once the rebate is reserved, you would then have a year to complete the project.
Here are the current and upcoming rebate rates:
| Customer Type |
Current Incentives |
Incentives Effective |
||
|
EPBB |
PBI |
EPBB |
PBI |
|
| Residential | $0.45 | $0.144 | $0.30 | $0.096 |
| Commercial | $0.45 | $0.144 | $0.30 | $0.096 |
| Non-Profit/Gov’t | $0.90 | $0.288 | $0.60 | $0.192 |
| Income-Qualified | $1.80 | $0.576 | $1.20 | $0.384 |
Potential residential or commercial clients, your rebate will drop from 45¢/Watt to 30¢/Watt. That means that for a typical residential project of 5 kW, the rebate will drop from $2,250 to $1,500.
Non-profits will leave even more money on the table if they miss the August 1 deadline. For a typical 40 kW school project, the rebate will drop from $36,000 to $24,000! Ouch!
If past is prologue, this drop in the rebate amount will create a stampede as folks try to lock in the current rebate rate before it steps down. If you are in PWP’s service area, please don’t wait, give us a call today!
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