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LADWP has put out a press release announcing that in light of yesterday’s successful vote in the City Council, applications for the first 20 MW tranche of the LA Feed-in Tariff (FiT) program will begin being accepted on February 1, 2013. Projects funded under that first tranche will receive a Base Price for Energy (BPE) of $0.17/kWh.
Eager to avoid a stampede that day, LADWP has also announced that all applications received during the first five business days will be rank ordered according to a lottery. Applications received after February 7 will be date stamped and processed in the order received.
Smaller projects - those between 30 and 150 kW (AC) - will have 4 MW expressly set aside for them. The remaining 16 MW will be allocated toward projects from 150 kW to 3 MW (the limit of the FiT program). However, if small projects exceed the 4 MW set aside, they will be able to draw from the remaining 16 MW. If the first tranche is not fully subscribed during the six month application window, the excess capacity will expire - that is, it will not roll-over into the next tranche.
The second 20 MW tranche will follow six months later - on August 1, 2013 - at which time the BPE will be $0.16/kWh.
As the application process is complicated, potential applicants would do well to get the process begun immediately. Please give us a call to get started now.
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