AN ACT TO AMEND THE SOLAR REBATE PROGRAM.
Amends GS 62-155, which allows certain electric public utilities to offer an approved incentives program to residential and nonresidential customers to install specified solar energy facilities. Increases the program incentive limits, now setting the limit at 10,000 kilowatts (kW) of installed capacity annually from January 1, 2018, until December 31, 2019 (was, until December 31, 2022), and at 20,000 kW of installed capacity annually starting January 1, 2020, until December 31, 2022, with incentives based upon the installed alternative current nameplate capacity of the generators. Increases the limits for nonresidential installations from 5,000 kW in aggregate starting January 1, 2018, until December 31, 2019, and at 10,000 kW in aggregate starting January 1, 2020, and continuing until December 31, 2022 (was, limited to 5,000 kW in aggregate for each of the years of the incentive program).
Additionally, establishes caps for rebate amounts at 30 cents per kW of installed capacity for residential installations; 75 cents per kW of installed capacity for nonprofit organization installations; and 25 cents per kW of installed capacity for all other nonresidential installations. Effective January 1, 2020.
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