Since its launch in 2003, NC GreenPower has been proud of its positive effect on the environment and the economy in North Carolina. NC GreenPower donors are currently supporting nearly 600 local renewable energy projects here in North Carolina.
NC GreenPower periodically evaluates the costs to implement solar PV and other technologies and adjust, when appropriate, the maximum premiums for new projects. These changes are the direct result of a decision made by the NC GreenPower Board of Directors at the most recent board meeting on Thursday, August 9.
The reduction in the installation costs for solar PV over the past several years has enabled NC GreenPower to lower the price we pay, while maintaining the same level of return we have always used for the supplier. Given the fact that NC GreenPower wants to be able to continue to support as many projects as possible, the following change has been made:
The maximum premium for all new small solar PV agreements of 5 kW or less will be adjusted to $0.08 per kWh generated, effective September 10, 2012. This represents a change from the current rate of $0.10 and will be effective for all applications received after September 10, 2012. In order to receive the current premium of $0.10 per kWh, generators must either complete the small solar PV online application no later than 5 p.m. EDST on September 10, 2012 OR submit a hard copy of the application postmarked no later than September 10, 2012. All applications received after the deadline will be subject to the new premium rate of $0.08.
For additional information on these changes, please visit NC GreenPower's Website.
Check out the North Carolina Sustainable Energy Association web site for resources related to Solar PV: http://energync.org/resources/