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The CEC will issue guidelines for POU PV programs in January 2008 and the POU will have one <br />year to develop programs that are compliant with the CEC guidelines. Since the guidelines have <br />not yet been issued we do not know exactly what the detailed requirements of the program will be. <br />But it is expected dollar caps on incentives will be removed and that payment for large systems <br />will not receive incentives in a large sum upon project completion, as is currently done, but will be <br />paid a monthly amount based on renewable energy produced. <br />Since the high incentive of $4.00 a Watt has resulted in expenditures of much less than the <br />budgeted $200,000 a year, it is not currently expected that a significant increase in expenditures <br />will occur that will require additional funds than are currently spent from the Public Benefit Budget. <br />However, if there is a rise in the customer demand for PV incentives the Public Benefit Funds <br />have reserve monies that could be used. If it appears that more money would be needed for the <br />PV incentive program in the future additional monies could be budgeted from the Public Benefits <br />Fund. <br />FINANCIAL IMPACT: <br />The existing PV incentive program seems to be effectively funded by the current Budget of Public <br />Benefits Program <br />ENVIRONMENTAL IMPACT: <br />None. <br />CONFLICT OF INTEREST — Gift Disclosure Requirements <br />None. <br />RECOMMENDATION: <br />Staff recommends that the City Council hold a public hearing, continue the current program <br />funding and direct staff to consider program funding increases if there significant demand for the <br />program. <br />Prepared by: Gerald Katz <br />REVIEW TEAM ONLY <br />City Attorney: LlJ Finance Director:Al IA Qw <br />City Manager: OTHER: <br />