AEP Texas North Company - SMART Source Solar PV Rebate Program
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Non-residential: $0.25 - $0.8/watt
In Program Year 2018, rebates are offered at a flat rate of $0.7 per watt for residential customers, $0.8 per watt for non-residential customers with capacity no higher than 25kW, and $0.25 per watt for non-residential customers with capacity higher than 25kW and no higher than 100kW. The maximum rebate is:
- $7,000 per residential project (equivalent to a 10 kW system),
- $38,750 per non-residential project (equivalent to a 100 kW system), and
- $81,795 per service provider or project owner.
Bonus incentive for early completion: In addition to the base incentives, a bonus incentive of $0.10 per watt will be paid to projects that are completed (a complete Final Application Form and all required documentation is submitted) by June 30 of the current Program Year. Owners of the systems also own all renewable energy credits (RECs) or other environmental credits associated with the project.
The total amount of program funding for 2018 is $90,000 for residential customers and $73,590 for non-residential customers.
PV System Eligibility
Unless used for educational purposes by a school, systems must be at least 1 kilowatt (kW)-DC in size to qualify for the rebate. Systems may not be sized to produce energy in excess of that required to meet annual on-site energy consumption. Each customer and point of service is eligible to participate in the program multiple times, subject to other program limitations (e.g., maximum per customer and per project incentive limits).
Systems must be new, connected to the grid on the customer side of the meter, meet minimum estimated performance requirements (80% of optimum), and meet all applicable code and utility interconnection requirements. Eligible systems must be covered by an all-inclusive warranty for at least five years from the date of installation. All installations must be performed by service providers who meet program eligibility requirements. AC disconnect switches and revenue-grade solar meters (provided by the service provider) are required. All installations shall utilize mounting/racking systems and hardware specifically designed for use with photovoltaic systems. Installations may be subject to a variety of inspection and performance monitoring requirements in the short- and long-term.
Please refer to the Program Guidebook for additional details.