Silicon Valley Power - Solar Electric Buy Down Program

Silicon Valley Power (SVP) offers incentives for the installation of new grid-connected solar electric (photovoltaic, or PV) systems. Incentive levels will step down over the life of the program as certain installed capacity goals are met. As of October 2016, residential SVP customers are eligible for a rebate of $1.25 per watt AC up to $12,500 (10 kilowatts). Commercial SVP customers are eligible for a rebate of $0.65 per watt AC for systems up to 50 kilowatts (kW). Commercial systems greater than 50 kW but smaller than 1 megawatt (MW) are eligible for a performance based incentive of $0.09 per kilowatt hour (kWh). Performance based incentives are paid to the customer quarterly for a period of five years. Please refer to program web site for current incentive rates. Customers must have received an energy audit by SVP or other approved entity within the last two years to identify all other energy efficiency opportunities in addition to PV.