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2012 Renewable Energy Incentive Funding

Residential Reservation Type	Incentive Rate	20120 Budget
Residential Solar Panels/PV	$0.55/watt*	$18.8 million (includes $2 million for 2011 wait-listed applications)
Solar Water Heating	$0.50/kWh offset	$1 million plus share of $3.75 million non-PV Grid-tied budget
Geothermal	$0.80/kWh offset	Share of $3.75 million non-PV Grid-tied budget

*Incentive is subject to step down based on demand.

Non-Residential Reservation Type	Incentive Rate	Caps*	2012 Budget
Up-front Incentives	Competitively determined	40% of project cost	$2.4 million
Production-based Incentives	Competitively determined	10-year: $0.084/kWh	$30 million in lifetime commitments
		15-year: $0.082/kWh
		20-year: $0.080/kWh
2011 - 2014 Schools & Government Incentives	Determined by school ranking	15-year: $0.123/kWh	$66 million in lifetime commitments
2011 - 2014 Schools & Government Incentives	Determined by school ranking	20-year: $0.112/kWh	$66 million in lifetime commitments
2012 - 2015 Schools & Government Incentives	Competitive process to be determined	To be determined	To be determined

*All non-residential projects have an incentive cap of 40% of the project costs.

Important notes:

In 2011, APS accepted applications totaling up to $2 million to be applied against the 2012 budget. These applications will be reserved at $0.75/watt beginning the first business day of the year, 1/3/2012.
There will be no residential program funding quarters throughout 2012. Additional details on this approach will be discussed during the January stakeholder meeting.
The residential incentive cap is now 25 kW.
Project cost caps are 50% for residential projects and 40% for non-residential projects.
For non-residential projects requesting a production-based incentive, a deposit will be required. Further details regarding the deposit will be discussed during the January stakeholder meeting.