Solar Incentive Program Solar Technology Overview Sunlight converted

Solar Incentive Program

Solar Technology Overview • Sunlight converted to DC electricity by solar panel • Solar panels connected to an inverter to create AC electricity • AC electricity can be used to offset electricity from the grid and spin the meter in reverse • Storing the electricity in batteries is expensive, so most systems are operated in grid parallel mode

Program Overview • In support of Gov. Paterson’s “ 45 by 15” Plan • Incentive for NYPA’s Municipal and Rural Electric System Cooperative Customers • Rebate is only available for the installation of Solar Photovoltaic (PV) systems – (not solar thermal systems for hot water)

Funding • Each Municipal Utility can initially apply for up to $125, 000 of rebates – Should cover minimum of three residential, commercial or municipal sites • Funding of $4 per watt ($4000 / k. W) of installed DC capacity up to 10 k. W per site • $1, 000 in additional funding per site for expenses associated with site selection and interconnection (maximum of $5, 000 per utility)

Potential Sites • Any residential, commercial or municipal location either roof or ground mount – Recommend roofing less than five years old – Relatively flat ground – Preference given to locations with unobstructed southern exposure • Approximate size: approximately 2000 ft 2 for 10 k. W installation

Costs For systems up to 10 k. W: – PV Panels – Inverter – Balance of System – Installation/Labor Total ~$4/W ~$1/W ~$2/W ~$8/W

Other Considerations • 30% Federal personal/corporate tax credit (residential/commercial sites) • 25% New York State personal tax credit (residential/commercial sites) • 100% New York State sales tax exemption on PV equipment Resource: dsireusa. org

Next Steps for Potential Applicants • Talk to your Accountant / Tax Professional • Talk to a Solar Installer Resource: NYSERDA Eligible Installer List (www. powernaturally. org/Programs/Solar/Installerspv. asp) • File Site Applications with MED – Applications will be available in early 2010 – Completed Application will be due in late March (final date to be publicized)

Next Steps MED • Initiate Net Metering Tariff – January 2010 • Develop agreement between MED and approved applicant(s) • Review Sites – after applications are received • MED lottery for funding - If multiple acceptable sites are identified

Continue Next Steps MED • File Final Site Application(s) with NYPA – due April 15, 2010 • File request with NYPA for Milestone 1 Payment – Available after system design is received and approved – Milestone 1 payment equal 20% of total funding • File request with NYPA for Milestone 2 Payment – Available after System Startup – Balance of Funding requested (80%)

Consultants / Technical Resources • Tax Professionals – Charlie Mc. Grath – Mark Bogdan • Solar Installers – Scott Shipley – Wayne Davison

Solar PV Incentive Program System Design Requirements Prospective Installer List www. powernaturally. org/Programs/Solar/Installerspv. asp