Thoughts on Solar by Run on Sun's Founder & CEO, Jim Jenal

We were just informed that Pasadena Water & Power (PWP) will be substantially lowering its solar rebate rates for non-residential customers effective December 1, 2011.

The new rebate rates will be as follows:

• Commercial incentives for small (? 30kW) systems (EPBB) - Drop from $1.40/Watt to $0.85/Watt;
• Commercial incentives for larger systems (PBI) - Drop from $0.212/kWh to $0.129/kWh.
  
  
• Non-profit/government incentives for small systems (EPBB) - Drop from $2.15/Watt to $1.60/Watt;
• Non-profit/government incentives for larger systems (PBI) - Drop from $0325/kWh to $0.242/kWh.

That works out to a 39.3% drop for commercial and a 25.6% drop for non-profit/government installations.

Residential rebate rates will remain at $2.00/Watt (EPBB) and $0.302/kWh (PBI).

Rebate applications that are deemed complete by PWP on or before November 30, 2011 will qualify for the present rebate amounts.  However, it is impossible to guarantee that a rebate application will be deemed “complete” upon submission so potential clients are advised to get their rebate applications on file as quickly as possible to avoid losing out on the higher rebate amounts.