Summer 2023 Solar Industry Update slide image

Summer 2023 Solar Industry Update

Low-Income Communities Bonus Newest Guidance Category Type All permits obtained All Details Applicant is in compliance with all laws (including consumer protection) Applicant has inspected site for suitability Attestation Consumer disclosures have been/will be provided to customers Applicant has appropriately sized the facility *Facility meets Geographic criteria (Category 2 is exempt) Ownership/facility changes since application or lack thereof Verification of site control (for FTM, only attestation is required) Executed interconnection agreement, if applicable. If not, other authorizations or affidavits required (for BTM ≤1 MW ac, not required) Document Executed contract to purchase or lease facility or an executed PPA (BTM) *Verification applicant meets Ownership criteria Permission to Operate (PTO) letter or commissioning report for off-grid Verification of as-built nameplate capacity 1+2 Attestation Facility location is eligible Proof residential building is eligible 3 Document Plan to ensure tenants receive financial benefits Benefits Sharing Agreement Attestation 4 Document Applicant will ensure 50% of financial benefits and 20% bill credit discount requirement is met Detailed final list of households or other entities served Spreadsheet demonstrating 20% bill credit discount requirement met *Only applies if applicant is applying under Additional Selection Criteria. FTM = front of the meter, BTM = behind the meter Treasury and the IRS described the application materials required and the materials required once a facility has been placed in service (italicized). The owner of the facility must be the one to apply. • • Post-allocation, a facility cannot: Change location Change size (to be ≥5 MW ac or by decreasing by the larger of 25% or 2 kW) Fail to meet "financial benefits" requirements Fail to meet ownership requirements, unless the original owner had the right of first refusal to purchase plant after the recapture period. A facility also cannot be placed in service prior to allocation.
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