Solar & Battery Regulation & Incentive Programs

U.S. Virgin Islands - Renewable Energy Feed-in-Tariff

Program Overview

Category:: Financial Incentive
Program Type:: Performance-Based Incentive
Implementing Sector:: State
State:: Virgin Islands
Eligible Storage Technologies:: Solar Photovoltaics
Website:: http://energy.vi.gov/
Incentive Amount:: $0.26 per kWh
Terms:: Power purchase agreements between the Virgin Islands Water and Power Authority (WAPA) and consumers for terms of 10 to 30 years. Guaranteed payments at costs of less than avoided costs for WAPA utility.
Eligible System Size:: 10 kW to 500 kW
Ownership of Renewable Energy Credits:: not specified
Applicable Sectors:: Commercial, Industrial, Local Government, Nonprofit, Residential, Schools, State Government, Agricultural, Institutional
Utility:: Virgin Islands Wtr&Pwr Auth
Last Updated:: 01/21/2016

Eligibility Criteria

Eligibility	Sectors	Technologies
$/kWh0.2600	Commercial Industrial Local Government Nonprofit Residential Schools State Government Agricultural Institutional	Solar Photovoltaics
min kW10.0000	Commercial Industrial Local Government Nonprofit Residential Schools State Government Agricultural Institutional	Solar Photovoltaics
max kW500.0000	Commercial Industrial Local Government Nonprofit Residential Schools State Government Agricultural Institutional	Solar Photovoltaics

Summary

In May of 2014 the Virgin Islands enacted AB 7586, the FIT Act, that instructed the public services commission to create a feed-in-tariff for solar photovoltaic systems. The Public Services Commission (PSC) will offer solar photovoltaic system owners a standard contract with terms between 10 and 30 years. The PSC is expected to initially offer $0.26 per kilowatt hour (kWh) and will periodically review the rate based upon the avoided cost rate of the utility, the Virgin Islands Water and Power Authority (WAPA). Owners of photovoltaic systems between 10 kilowatts (kW) and 500 kW will be eligible to enter into these contracts.

There is a 10 MW limit for aggregate production via feed-in-tariff contracts on the islands of St. Thomas, St. John, Water Island, and other offshore keys and islands and a similar 5 MW limit for contracts on the Island of St. Croix.

Authorities

Name	Enacted Date	Effective Date	Expired Date
AB 7586	04/29/2014	05/16/2014
12 V.I.C. §§ 1161-1168