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W A T € R E N E R G Y I I F R <br /> RIVERSIDE PUBLIC UTILITIES <br /> 3W& Board Memorandum <br /> PUBLIC UTILITIES <br /> BOARD OF PUBLIC UTILITIES DATE: February 18, 2011 <br /> ITEM NO: 5 <br /> SUBJECT. SEIZING OUR DESTINY - THE NON-RESIDENTIAL PHOTOVOLTAIC (PV) <br /> SYSTEM REBATE FOR THE INSTALLATION OF A 24.53 KW PHOTOVOLTAIC <br /> (PV) SYSTEM <br /> ISSUE: <br /> That the Board of Public Utilities consider approval of a $73,590 rebate for a Photovoltaic system <br /> installation at Inland Pacific Advisors, a Riverside Public Utilities' (RPU) non-residential customer. <br /> RECOMMENDATION: <br /> That the Board of Public Utilities approve and recommend that the City Council approve a rebate to <br /> Inland Pacific Advisors through the Non-Residential Photovoltaic Rebate Program in the amount of <br /> $73,590. <br /> BACKGROUND: <br /> The Non-Residential Photovoltaic (PV) System Rebate Program provides financial incentives to business <br /> customers who purchase and install solar energy systems. Under the program guidelines, RPU <br /> customers can qualify for a rebate of$3 per watt of alternating current (AC) output. For Time-of-Use rate <br /> customers, the rebate cannot exceed 50% of the project cost or up to an incentive cap of $250,000, <br /> whichever is less. <br /> Inland Pacific Advisors, a Riverside Public Utilities Time-of-Use customer located at 2155 Chicago <br /> Avenue, recently installed a 24.53 kW Photovoltaic System. The PV panels are installed and attached to <br /> the roof of the facility. The Photovoltaic System will greatly reduce both their peak load and overall <br /> consumption. Their efforts are a prime example of an established business investing in energy efficiency <br /> and renewable resources to reduce electricity usage and lessen their draw on the City's power grid. This <br /> project meets with the Seizing Our Destiny Route 5 "Becoming a Green Machine". <br /> The 24,530 watt PV system's total project cost of $157,356.10 makes Inland Pacific Advisors eligible for <br /> a rebate of $73,590. Non-Residential Photovoltaic System Rebate incentives cap at $250,000 for Time- <br /> of-Use customers but require Board and City Council approval when the rebate amount exceeds the <br /> $50,000 approval limit. <br /> FISCAL IMPACT: <br /> The total rebate is $73,590. Sufficient funds are available in the Public Benefits, Non-Residential <br /> Photovoltaic System Rebate Program Account No. 6020100-456064. <br /> Prepared by: Michael J. Bacich, Assistant General Manager Customer Relation slMarketing <br /> Approved by: David H. Wright, Public Utilities General Manager <br /> Approved by: Belinda J. Graham, Assistant City Manager <br /> Approved as to form; Gregory P. Priamos, City Attorney <br />