American Sun & Solar

30% Federal Tax Credit

NV Energy Incentive Program

Applicants may apply in the following categories:  residential/small business.

The incentive payment is the incentive rate multiplied by AC wattage (WAC) of the installation.
WAC = California Energy Commission (CEC PTC) rating of the panel multiplied by number of  
efficiency rating of the inverter.

The CEC list for eligible panels and inverters can be found at: www.gosolarcalifornia.ca.gov/equipment/index.html 

The incentive rate for the residential/small business category is $2.10 per watt of installed capacity.

The maximum incentive for residential projects is 5 kW.  The maximum incentive for small business projects is 30 kW.

Applicants may install a larger system than the maximum incentive, but the incentive paid will be the maximum incentive for that category or the Approval Letter reservation, whichever is less.

There is no minimum size of installation. The maximum size of a system for Net Metering is 1,000 kW.

California Solar Initiative

Renewable Energy Credits

Renewable Energy Certificates (RECs), also known as Green tags, Renewable Energy Credits, or Tradable Renewable Certificates (TRCs), are tradable environmental commodities in the United States that represent proof that 1 kilowatt-hour (KWh) of electricity was generated from an eligible renewable energy resource.

These certificates can be sold and traded or bartered, and the owner of the REC can claim to have purchased renewable energy.  The green energy is then fed into the electrical grid, and the accompanying REC can then be sold on the open market.

According to the Green Power Network, prices of RECs can fluctuate greatly (2006: from $.50 to $9.00 per KWh, median about $2.00).  Prices depend on many factors, such as the location of the facility producing the RECs, whether there is a tight supply/demand situation, whether the REC is used for RPS compliance, even the type of power created. Solar renewable energy certificates or SRECs, for example, tend to be much more valuable in Northeast markets.

RECs are known under functionally equivalent names such as Green Tags or Tradable Renewable Certificates (TRCs), depending on the market.

The Public Utilities Commission of Nevada (PUCN) has established a program to allow energy providers to buy and sell portfolio energy credits (PECs) in order to meet energy portfolio requirements. One PEC represents one kilowatt-hour (kWh) of electricity generated by a portfolio energy system, with the exception of photovoltaics (PV), for which 2.4 PECs are credited per one actual kWh of energy produced. An adder of 0.05 is tacked on to the 2.4 multiplier for PV if the system is deemed by the PUCN to be a customer-maintained distributed generation system; that is, customer-sited PV is eligible for a 2.45 multiplier. 

Other Federal Initiatives from DSIREUSA.ORG