Solar Photovoltaic System Rebate Program
 Poudre Valley REA supports renewable energy development with net-metering and interconnection of distributed renewable energy facilities. See Net-Metering for more information. PVREA has funded Renewable Energy system rebates since 2008.
Funding History
Poudre Valley REA committed $35,000 to this program in 2009 and received a match from the Governor’s Energy Office of $35,000. The 2009 Program funds were spent by June 2009 funding a total of 8 systems and adding 31KW of distributed generation to our system. Nine systems were installed with 2008 funds adding 29KW to our system. These photovoltaic systems ranged from 1.9KW to 6.3KW.
Rebate applications (use the PVREA Renewable Energy Rebate Application below) are still being accepted as a way to gauge interest and to develop a first come first in line base of potential rebate applicants.
Funding Philosophy
As a member owned electric distribution cooperative, PVREA must justify its budget decisions to a diverse community. All funds come from rate revenue collected from bill receipts, that is the money you pay on your electric bill. 77% of all revenue goes to pay for just the electricity that we purchase from our wholesale supplier. The remaining income must get the power from the substations to your home 24/7 and fund all of our programs.
2010 Photo-voltaic Rebate Program The 2010 budget is set at $25,000 with an offering of $1.50 per watt up to a maximum rebate of $4,500 per PVREA customer. We receive more applications than we can fund. Our process is to review applications for completeness and signatures. We then date the application with the date received. This becomes the applicants’ “place in line”. We waited until just before the Governor’s Energy Office PV rebate rollout on April 19th to initiate our 2010 program because systems under construction or built before April 19th would be ineligible for GEO Photo-Voltaic rebates.
We have reviewed the first group of applications, contacted the applicants to confirm interest and sent rebate reservation letters on April 12, 2010 to six applicants. They have 30 days to reserve their rebate and commit to the installation of their systems. Once they commit, they have 60 days to complete construction and send us a passing final inspection report in order to get their rebate and have the net-meter installed.
Program Rules
- Construction must not begin until the customer receives a valid written notice of rebate reservation defining the construction window as well as the amount, terms and conditions of the rebate award.
- Renewable system rebates are for new installations, using new equipment only. The rebate is not valid on system add-ons, expansion or systems with used components.
- Existing Buildings requesting rebates must have energy audits done to focus on energy efficiency and energy conservation before implementing renewable energy solutions. The energy audit must be performed by a BPI / RESNET certified auditor.
- Renewable Energy installations on new home construction are permitted provided that the new construction is either an ENERGY STAR New Home or the new construction has a HERS rating of 80 or less by the time the system installation is complete. An energy audit is not required for qualifying new homes.
- The PV panels must be installed at a tilt and azimuth designed to meet a minimum of 90% of the optimum orientation output.
- The consumer agrees to maintain the system free and clear of shade between 9 am and 3 pm.
- The consumer agrees to assign all Renewable Energy Credits ( REC’s) to PVREA for 20 years.
- Inverters must be UL listed and approved
- The system must be grid-tied and requires a 5-year warranty on the panels, inverter, and installation.
- Installation must be in compliance with all local and state ordinances. Proper permits are required. Utility net-metering, interconnection and REC purchase agreements are required.
- Applications are limited to one rebate per rebate system type per address.
- Rebates are available on a first-come, first-served basis until funds are exhausted.
Contact your contractor and/or equipment manufacturer for assistance obtaining the information required in the application.
For more information call 970-282-6463 or email mdaily@pvrea.com.
PVREA Renewable Energy Rebate Application (pdf)
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