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Detroit Edison SolarCurrentsTM Pilot Program
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• Approximately 5MW through Renewable Energy Credit (REC) contracts
• Customer funds and owns solar equipment
Customer-Owned Pilot Program DECo-Owned Pilot Program
• Approximately 15MW of Detroit Edison-owned solar assets
• Lease large rooftops or utilize DTE facilities
SolarCurrentsTM Pilot Programs
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Customer-Owned Solar PilotCustomer-Owned Solar Pilot Detroit Edison-Owned Solar PilotDetroit Edison-Owned Solar Pilot
• 15 MW in Total nameplate capacity
• $112 Million
• Detroit Edison to seek ideally sited, sized and configured locations through standard site leasing agreements.
• Detroit Edison to gain knowledge and experience in such activities as:1. Identifying optimal sites2. Developing design specifications
to ensure safe and seamless integration into the utility grid.
3. Establishing safe and streamlined interconnection process that are well-suited for solar applications.
• 5 MW in Total nameplate capacity
• $25 Million in available funding
• Customers install solar systems to meet their electrical needs per the Net Metering guidelines.
• Long-term contracts to purchase Renewable Energy Credits (RECs)
• Pre-pay a portion of the RECs to help customers offset the upfront costs of solar installations.
SolarCurrentsTM Customer-owned Program Requirements
• Eligible Technologies: Grid-Connected Solar Photovoltaic (PV)• Eligible System Size: Single Installation ≥ 1 kW and ≤ 20 kW • Eligible Systems:
– New PV installed in 2009 & 2010
– Existing PV systems with a valid Detroit Edison Parallel Operating Agreement installed after Jan. 1, 2005
• Eligible Customers must: – Purchase energy from Detroit Edison for the term of the contract
– Have a positive payment history with Detroit Edison (no past due balance for 6 months, and no checks returned for insufficient funds in the last 12 months)
– Agree to participate in the Detroit Edison Net Metering (Rider 16) program
– Complete the Interconnection application within 90 days of submitting the SolarCurrents application
• Program Size (Budget): Limited to a maximum of $25 Million. This is expected to support at least 5 MW of installations with at least 2.5 MW residential.
• Incentive Structure: Up-front REC payment and ongoing REC payments• Contract Term: 20 years
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SolarCurrentsTM Program Incentives
2009 and 2010 Incentives
•Up-Front Payment of $2.40 per watt of DC installed nameplate capacity, paid by check after successful completion of Interconnection and SolarCurrents program requirements.
•Systems installed prior to 2009 will receive a pro-rated up-front payment (see sample contract on our website for details).
•Ongoing REC Payments of $0.11 per kWh generated, paid by a credit on customer’s monthly Detroit Edison electric bill for the length of the contract (20 years).
2011 Incentives
•Incentives currently in place for 2009/2010 will remain the same for the 2011 calendar year.
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Program Improvements Since 9/1/09 Launch
• Third Party payments of up-front incentive to lending institutions which makes it easier for interested customers to obtain financing and provides more options when considering the SolarCurrents program
• Adding additional solar load to an existing system; an easy-to-use addendum to the original contract; contact our team when you are ready we will provide the document
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Customer-Owned SolarCurrentsTM Pilot Program
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Progress since program launch on 9/1/09:
• 122 customers fully commissioned in program
- 104 residential
- 18 commercial/government/schools
• Represents 573 kW enrolled in the SolarCurrents program
• $2.7M of up-front REC payments processed to date
• Approx 100+ applications are in-process
SolarCurrents Customer Contact Line:
313-235-4SUN (4786)Website:
www.dteenergy.com/solar
Incentives Available to SolarCurrentsTM Program Participants
EXAMPLE
A typical 4 kW residential installation may cost $32,000 and require about 500 sq ft of roof space.
Incentives
– Detroit Edison up-front REC payment of $2.40 per watt, or $9,600
– Detroit Edison ongoing REC payments of 11¢ per kWh generated, totaling $10,021 over 20 years
– Federal Tax incentives of 30%
– Reduction in electricity bills due to self generation and net metering
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