With Solar and other Alternative energy programs getting so much attention we want to keep you up to date on changes in the news.
- CO PUC (SO-REC) RDUCTION
As a result of our review, Public Service is reducing the amount paid for SO-REC for facilities of 10kW or less to $1.50 per watt. As of August 31, 2008, the Small Solar*Rewards program has had 4.2 MW of capacity installed, with an average system size of 4.5 kW. The attached chart uses that average system size as a basis for the pricing comparisons shown in the chart. In summary, the chart shows that reducing the SO-REC price to $1.50 per watt makes more efficient use of the RESA funds without negatively impacting the market or customers contemplating an investment in PV solar. Each applicant under the Solar*Rewards program receives an acknowledgement letter indicating the level of rebates and SO-REC payments they can expect to be paid based on the project details submitted with their application. This acknowledgement letter guarantees the payment level by Public Service for up to a year from the pre-approval date of the acknowledgement letter. Public Service will reflect the SO-REC payments of $1.50 per watt in the acknowledgement letters for Small Solar*Rewards program applications received after 11:50pm (MT), October 24, 2008. All Solar*Rewards applications with an acknowledgement letter indicating the current SO-REC payment at $2.50 per watt will be honored per the term of the acknowledgement letter.
- Evergreen Panels
SunBrite Solar to use US made Evergreen PV Panels
After considering many manufacturers of Solar PV Panels, SunBrite Solar has found the US made Evergreen panels to be the choice for the majority of their installations. "We were looking for the best American Made products to use in our Systems" said Rob Howard General Manager, "We are proud to be able to offer the Evergreen product to our family of customers" he added.
- Emergency Economic Recovery Act of 2008
Congress extended the Solar ITC and removed the $2,000 credit cap on residential systems
The Tax Credit Cap of $2,000 will continue until the end of 2008, but no cap will be in effect after January 1, 2009. This will allow up to 30% of the cost of the residential solar Electric system to be credited on a users taxes. The Cap will remain on Solar Water Heating systems.