$4.50/W rebate [RE-wrenches]

[Joel Davidson]

Today the California Energy Commission increased the Emerging Renewable
buydown rebate from $4.50/W or 50% of total costs for PV and wind
systems installed on or after February 8, 2001. It is my understanding
that by law only 40% of the total funds can be used for larger projects
which means 60% of the money will continue to be available for projects
up to 10 kW.

For your information, rebate money does not come from taxes. The money
comes from a "public benefit" charge of about US$0.0025/kWh (a quarter
of a penny per kWh) on everyone's electric bill which is about $1 to $2
per month for most residential ratepayers. The buydown rebate receives
only a small part of the hundreds of millions collected annually. Public
benefit money must be spent for (1) energy programs that benefit low
income people; (2) energy efficiency programs; (3) research, development
and demonstrations programs; and (4) renewable energy. The CEC
administers money collected from Pacific Gas & Electric, Southern
California Edison and San Diego Gas & Electric customers. California
municipal utilities administer their own separate public benefit funded
programs. The public benefit program received a popular mandate last
year and has been extended through year 2012.

Congratulations to the dedicated, hard-working PV advocates in
California!

- - - -
To send a message: RE-wrenches at topica.com

Archive of previous messages: http://www.topica.com/lists/RE-wrenches/

List rules & etiquette: http://www.mrsharkey.com/wrenches/etiquete.htm

Check out participant bios: www.mrsharkey.com/wrenches/index.html

Hosted by Home Power magazine

Moderator: michael.welch at homepower.com

==^================================================================
EASY UNSUBSCRIBE click here: http://topica.com/u/?bz8Qcs.bz9JC9
Or send an email To: RE-wrenches-unsubscribe at topica.com
This email was sent to: michael.welch at homepower.com

T O P I C A  -- Learn More. Surf Less.
Newsletters, Tips and Discussions on Topics You Choose.
http://www.topica.com/partner/tag01
==^================================================================