FOR IMMEDIATE RELEASE
August 16, 2016
Alameda Municipal Power Customers Make Solar Program a Success
In 2008, the State of California mandated in a state law (SB1) that all electric utilities provide rebates over the following 10 years to residential and commercial customers who install an approved solar energy system. In compliance with SB1, AMP allocated $4.2 million for rebates, with approximately two-thirds of the total reserved for commercial projects and the remaining one-third for residential projects (based on the proportion of revenue that AMP received from each). All of AMP’s rebates for residential customers were reserved by 2013.
Now that rebate funding has been reserved for Harbor Bay One LLC, AMP has fully subscribed the program. The rebate funding is helping the company expand its green initiatives by installing solar panels at 1420 Harbor Bay Parkway. “An obstacle to all renewable projects is that they are capital intensive,” said Steven Ross, representing Harbor Bay One. “Any incentive from the public sector to the private sector is much appreciated and helps to make the project a reality.”
Though AMP is no longer accepting applications for the solar rebate program, other options are available to customers who would like to invest in renewable power. For more information, please visit www.alamedamp.com/environment.