HOMER Grid 1.10
Production based incentives are paid based on the actual energy produced by the system. A $/kWh is assigned for a period of time.
In HOMER Grid, you can apply a production based incentive only to Solar
Below is an explanation of the various inputs in production based incentive:
Variable |
Description |
Credit per kWh produced ($) |
The credit per kWh of energy produced |
Maximum credit ($) |
The upper limit on the amount of credit that can be given |
Limited incentive duration (years) |
The number of years that the production based credit is valid for |
Marginal tax percent (%) |
If the credit is taxable, the percent of the credit that is taxed |
Example
Let us consider a PV system of 100 kW which has a total capital cost of 100,000$ and an annual production of 104,967 kWh. If the production based incentive applied to this PV system is as shown below:
Since the production is 104,967 kWh per year. The incentive is = 104967 kWh * (1- 0.35) = 68,228.55 $ per year
Since the incentive is limited to 10 years, there is a credit of 68,228.55 $ every year for the next 10 years.
