The CSI is making progress on the long promised program for affordable multifamily housing. A draft staff proposal was submitted on February 29, 2008 and a public hearing was held this week. Presumably the program should be available in the next 90 days.
This one is going to go fast, even faster than the commercial CSI, which in many areas is now all the way down to step 5 ($.22 per KwH). The affordable multifamily program is only slated to get $100M and the subsidy will be an EPBB, and may be as high as $3 per watt! This subsidy, combined with the federal tax credit (at least through the end of 2008!) and depreciation means that it should be possible to offer solar systems to property owners at very little (or no) capital cost and relatively competitive power purchase rates and terms.
Again, I imagine this will be a "race to file" in order to reserve these credits. Property owners should be out getting all their engineering and pricing done now!
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