Want to invest in renewables and lower your carbon footprint? Generating your own power has its rewards.
Whether you want to find savings or go green in your business, you have options for generating your own energy. From solar power to fuel cell systems, you have the power and the opportunity for incentives to go with it.
Energy needs vary depending on climate and the type of business you’re in. Some of our business customers choose to generate their own energy during peak demand when rates are higher. Renewable sources are available for our environmentally conscious customers. Cogeneration, or combined heat and power – is another option to service needs for business customers with high thermal energy.
If your business or residence is an SCE customer and you are interested in reducing your onsite electrical demand, you can receive a cash incentive from 50 cents to $4.25 per watt for installing your own, qualifying electricity generating equipment under our Self Generation Incentive Program (SGIP).
Generating systems under 30 kW were formerly provided incentives under the California Energy Commission's Emerging Renewables Program (ERP). However, ERP has been discontinued and incentives for renewable self-generation units under 30 kW are now provided through the SGIP.
Net energy metering is how your business’ renewable energy system helps lower your monthly electricity bill. A net energy meter tracks the difference between the electricity you generate through your facility’s solar or other renewable energy source and the electricity you use through SCE. You’ll see a lower energy bill and if you generate more electricity than you use, the excess will flow back to the grid and you’ll receive a bill credit.
As a developer, you can provide more energy from renewable sources through the Community Renewables Program. Eligible solar projects can range in size from 500 kW to 3 MW.
As a building owner, you may qualify to receive incentives for solar installation. The Solar on Multifamily Affordable Housing (SOMAH) program, a CPUC initiative, will provide up to $100 million annually for 10 years to fund solar energy installations on multifamily buildings that provide housing to low-income tenants, or are located in low-income areas with high amounts of pollution. The solar generation will provide energy credits to lower electricity bills for your common area and your tenants, as well as provide opportunities for jobs and training for your tenants. Learn more
Check out the SOMAH-VNM Bill Sample to see how NEM credits are applied to multifamily and virtual net metering solar projects.