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HomeMy WebLinkAboutAgenda Report - November 2, 2016 I-01TM CITY OF LODI COUNCIL COMMUNICATION AGENDA ITEM I AGENDA TITLE: Provide Direction on the Setting of Rebate Caps for the Annual Lodi Electric Utility Solar Rebate Program MEETING DATE: November 2, 2016 PREPARED BY: Business Development Manager RECOMMENDED ACTION: Provide direction on the setting of rebate caps for the annual Lodi Electric Utility Solar Rebate Program BACKGROUND INFORMATION: Senate Bill 1 (SB1) was enacted by the State of California in August 2006 to encourage the installation of high-quality solar photovoltaic (PV) systems. Also known as the "California Solar Initiative" SB1 set a statewide goal of adding 3,000 MW of new solar PV systems over 10 years and mandated the establishment of solar PV incentive programs for publicly owned utilities (POU's). In the first year, SB1 required POU's to provide a rebate incentive of no less than $2.80/watt; declining at a rate of 7 percent each year thereafter. Lodi Electric Utility (LEU) has provided rebate incentives for the installation of solar PV systems since 2008. In the absence of new legislation, 2017 will be the 10th and final year of LEU's solar rebate program. SB1 is an unfunded state mandate; however, POU's are allowed to collect a separate surcharge to be used for solar PV system rebate incentives. LEU's Program is funded by the California Solar Surcharge ("CSS"). The amount collected for CSS is $0.00125 per kilowatt-hour assessed on each customer's utility bill. LEU's annual solar rebate program budget totals approximately $600,000. When LEU's solar rebate program began in 2008, the maximum system rebate amount or "cap" was set at $375,000 and funds were distributed by rate class (i.e. residential; non-residential), on a first-come, first -serve basis. Over subsequent years, as the cost of solar decreased and interest became more widespread, the rebate cap has been substantially reduced in an effort to incentivize a greater number of solar installations. When annual demand for rebate incentives exceeded available program budget, LEU began using a lottery selection process in an effort to distribute funds in a fair and equitable manner. Over the last few years, solar rebate incentive caps have been set at $7,000 for residential and $40,000 for non-residential, with no more than 50 percent of total project costs eligible. Even under this approach, the number of interested customers has exceeded available rebate funds. At the February 2 Council meeting staff was directed to launch the 2016 solar rebate program with a reduced incentive cap of $5,000 for residential, while retaining the same $40,000 limit for non-residential. Staff was also directed to maintain a waiting list that could be carried forward to 2017, should applications exceed available funding. Based on the number of applications received in prior years, approximately two-thirds of the $610,000 solar rebate budget was allocated to residential solar rebate incentives and the balance was allocated for non-residential solar rebate incentives. APPROVED: Step en Schwaba ty Manager Rebates were ultimately reserved for all 84 of the residential solar applications submitted; a greater number than would have otherwise been funded under the prior rebate limit. On the non-residential side, a total of 15 applications were received, requesting rebates in excess of available program budget. Staff selected applications through a lottery to establish the order funding would be awarded to each project. This resulted in an initial waiting list of 10 projects; most of which may still be eligible for a rebate in 2017, reducing the availability of solar rebates available to new applicants. As an example, if all 10 projects move forward and are eligible to receive the maximum $40,000 non-residential solar rebate, two-thirds of the 2017 solar rebate program would be unavailable to new applicants. FISCAL IMPACT: FUNDING AVAILABLE: Modification of the annual solar rebate program incentive caps will not result in a fiscal impact to Lodi Electric Utility; however, such changes could impact the effectiveness of the solar rebate incentive program. LEU's Program is funded by the California Solar Surcharge. The amount collected is $0.00125 per kilowatt-hour assessed on each customer's utility bill. Adam Brucker Business Development Manager LODI ELECTRIC SOLAR r,o' REBATE PROGRAM Agenda Item 1-01 Provide Direction on the Setting of Rebate Caps Lodi Electric Solar Rebate Program 2016 program to date $61 0,OOO ($410k residential/$200k nonresidential) Residential 84 applications received $5,000 maximum rebate Non-residential (commercial/industrial) 15 applications received $40,000 maximum rebate Lottery selection Lodi Electric Solar Rebate Program a. ❑ 2016 rebate payments Residential 74 projects paid rebates totaling $345,065 4 projects in process $20,000 6 projects withdrawn Non-residential 4 projects paid rebates totaling $141,000 2 projects in process totaling $80,000 1 additional waiting list project offered funding o Remaining balance will be carried over to 2017 program Lodi Electric Solar Rebate Program ❑ 2017 program - final year of state mandate D $600,000 budget (plus any remaining 2016 balance) O 8 non-residential projects carried over from waiting list O Considerations Rebates for carry-over projects Allocation of remaining funds for Residential, Non-residential Rebate limits (or caps) Lodi Electric Solar Rebate Program si ❑ Option 1 Fund carry-over non-residential rebates at 2016 cap $40,000 x 8 projects = $320,000 Allocate remaining $280,000 balance Residential $180,000 36 projects at $5,000 rebate cap Non-residential $100,000 2.5 projects at $40,000 rebate cap Lodi Electric Solar Rebate Program Mho ❑ Option 2 Fund carry-over non-residential rebates at 2017 cap (new) $30,000 x 8 projects = $240,000 Allocate remaining $360,000 balance Residential $240,000 80 projects at $3,000 rebate cap Non-residential $120,000 4 projects at $30,000 rebate cap