Renewable Energy Cost Recovery Incentive Payment

Program Renewable Energy Cost Recovery Incentive Payment
Category Financial Incentive
Implementing sector State
Last Update
State Washington
Website http://www.energy.wsu.edu/RenewableEnergySystemIncentiveProgram.aspx
Start Date
Technologies Solar Thermal Electric, Solar Photovoltaics
Sectors Residential

Note: Some utilities have reached their cap for incentive allocations under the Renewable Energy Cost Recovery Incentive Payment program. Some of these utilities have reduced per-customer incentive amounts in response, while others have closed the program to new applicants. Interested customers should check with their electric utility on the availability and level of incentive payments.

In May 2005, Washington enacted Senate Bill 5101, establishing production incentives for individuals, businesses, and local governments that generate electricity from solar power, wind power or anaerobic digesters. The incentive was amended by Senate Bill 6658 in June 2010. The incentive amount paid to the producer varies by the use case for the system and the fiscal year in which the system is installed. 

Ownership of the renewable-energy credits (RECs) associated with generation remains with the customer-generator and does not transfer to the state or utility.

The state's utilities will pay the incentives and earn a tax credit equal to the cost of those payments. 

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