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HomeMy WebLinkAbout07-276 - Resolutions RESOLUTION NO. 07-276 A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF RANCHO CUCAMONGA, CALIFORNIA, ADOPTING A SOLAR REBATE PROGRAM PURSUANT TO THE REQUIREMENTS OF SENATE BILL 1 A. RECITALS. WHEREAS, on August 21, 2006, Senate Bill 1 (SB1) was signed into law establishing a statewide goal of installing 3000 MW of solar generating capacity within 10 years. WHEREAS, on or before January 1, 2008, all publicly owned electric utilities shall offer a monetary incentive for the installation of solar energy systems of at least two dollars and eighty cents ($2.80) per installed watt, or for electricity produced by the solar energy system, measured in kilowatt-hours, as determined by the publicly owned utility. WHEREAS, the incentive per installed watt has shall decline by 7 percent (7%), each year thereafter effective each January 1, 2009. WHEREAS, the expenditure level for all publicly owned utilities shall be seven hundred eighty-four million dollars ($784,000,000), spread over ten years. The expenditure level for each publicly owned utility shall be capped at the utilities percentage of statewide load served by all local publicly owned electric utilities. WHEREAS, All legal prerequisites to the adoption of this Resolution have occurred. B. RESOLUTION. �. NOW, THEREFORE, the City Council of the City of Rancho Cucamonga does hereby find and resolve as follows: SECTION 1: The facts set forth in the Recitals, Part A of this Resolution, are true and correct. SECTION 2: The rebates, rates, fees and charges assessed under Solar Rebate Program shall be as set forth on Attachment 1 hereto and incorporated by reference as if fully set forth herein. SECTION 3: The City Clerk shall certify to the adoption of this Resolution. Please see the following page for formal adoption,certification and signatures Resolution No. 07-276 Page 2 of 3 PASSED, APPROVED, AND ADOPTED this 51h day of December 2007. AYES: Gutierrez, Kurth, Michael, Spagnolo, Williams NOES: None ABSENT: None ABSTAINED: None Donald J. Kurth, M.D., Mayor ATTEST: bra J. A a CMC, City Clerk I, DEBRA J. ADAMS, CITY CLERK of the City of Rancho Cucamonga, California, do hereby certify that the foregoing Resolution was duly passed, approved and adopted by the City Council of the City of Rancho Cucamonga, California, at a Regular Meeting of said City Council held on the 5`h day of December 2007. Executed this 6`h day of December 2007, at Rancho Cucamonga, California. Debra J. Ada MC, City Clerk Resolution No. 07-276 Page 3 of 3 Attachment 1 Rancho Cucamonga Municipal Utility— Solar Rebate Program Incentive Type: Utility Rebates Renewable Technology: Photovoltaic Applicable Sectors: All RCMU grid connected customers Incentive Amount: $2.80 per watt AC. Decreasing 7% per year starting 01-01-2009 Year $ Watt $ Kwh 2008 $ 2.80 $0.10 2009 $ 2.60 $0.09 2010 $ 2.42 $0.09 2011 $ 2.25 $0.08 2012 $ 2.09 $0.08 2013 $ 1.95 $0.07 2014 $ 1.81 $0.07 2015 $ 1.68 $0.06 2016 $ 1.57 $0.06 2017 $ 1.46 $0.05 Maximum Incentive: $25,000.00 Eligible Size: No size restrictions Equipment Requirements: Must use CEC-certified PV modules and inverters; Must have minimum 10-year warranty per CEC requirement. Meters must meet CEC accuracy and warranty requirements. Installation Requirements: PV system must be grid-connected; Installer must be licensed contractor Ownership of Renewable Energy Credit: Utility retains ownership