Incentives are available on a first-come, first-served basis. Incentives will only be reserved for customers once an application has been approved by NYSERDA. Incentives will be available for the PV Program at a rate of $2,000,000 per month starting in July 2010 through December 2015. The individual project incentive rate will be $1.75 per kW for all types of applications, subject to change on a bi-monthly basis, depending upon demand during the previous two months.

Incentives are reserved for PV Systems designed and installed by Eligible Installers. Incentives are available only for new equipment and PV Systems that have not been installed (partially or completely) prior to NYSERDA approval of an incentive application submitted in accordance with the terms and conditions of this Incentive Program. Incentives will not be provided directly to customers purchasing or installing PV systems. The full amount of the approved NYSERDA incentive must appear in the customer purchase agreement.  PON 2112 – SOLAR PV TECHNICAL MANUAL Version 1.0 Page 1

When approved, the incentive amount will appear on the approval letter that Eligible Installers receive from NYSERDA. Eligible Installers are responsible for sending a copy of the approval letter to the customer. This amount will not change assuming the PV System is installed, as approved, and within the Terms and Conditions of NYSERDA’s PV Program. Incentives are available for PV systems installed for qualified customers only. Qualified customers are those who pay the Renewable Portfolio Standard (RPS)/System Benefits Charge (SBC) as part of their electricity bills.

NYSERDA reserves the right to limit the number of incentives per customer/site/meter.  Incentives are based on direct current module ratings at standard test conditions.

System sizes may be greater than the maximum size allowed for incentives, however, the incentives will be provided only for the eligible portion of the PV System.

NYSERDA reserves the right to make changes in the incentive levels. It is anticipated that these changes may occur at two month intervals based on the level of participation in the program and market conditions. Any revisions in the incentive levels will be posted on NYSERDA’s website, and Eligible Installers also will be informed via email. Customers’ applications that are accepted by NYSERDA after an incentive change will be automatically changed to the new incentive level.

NYSERDA anticipates that incentives may be increased or decreased by $0.25 per watt at the beginning of a given bi-monthly period. Eligible Installers and Customers are prohibited from cancelling and re-applying if incentives are increased.