Posting Language
Title
Approve issuance of a capacity-based incentive to Kensington Apartments, LLC, for the installation of solar electric systems on its facility located at 3300 Manor Road, Austin, Texas, in an amount not to exceed $184,802.
De
Lead Department
Austin Energy.
Fiscal Note
Funding in the amount of $184,802 is available in the Fiscal Year 2023-2024 Operating Budget of Austin Energy.
Prior Council Action:
For More Information:
Amy Everhart, Director Local Government Issues (512) 322-6087; Tim Harvey, Customer Renewable Solutions Manager (512) 482-5386.
Council Committee, Boards and Commission Action:
February 12, 2024 - Recommended by the Electric Utility Commission on a 8-0 vote and three vacancies.
February 20, 2024 - To be reviewed by the Resource Management Commission.
Additional Backup Information:
Austin Energy requests approval to issue this capacity-based incentive (CBI) to Kensington Apartments, LLC (the customer) for the installation of a solar electric system at their facility to produce renewable energy for on-site consumption. The table below provides a summary of the system size, cost, proposed incentive, and environmental benefits.
Solar System Details*
Total System Size (kW-DC)
205
Total System Size (kW-AC)
170
Annual Estimated Production (kWh)
290,555
Total System Cost ($)
$615,000.00
Total Incentive ($)
$184,801.50
Percent of Cost Covered
30%
Environmental Benefits** and Emission Reduction Equivalencies***
Reduction of Carbon Dioxide (CO2) in tons
130
Reduction of Sulfur Dioxide (SO2) in pounds
145
Reduction of Nitrogen Oxide (NOX) in pounds
203
Equivalency of Vehicle Miles Driven
302,330
Equivalency of Cars on Austin Roadways
26.2
Equivalency of Trees Planted
1,950
Equivalency of Forest Acreage Added
141
*All solar equipment meets Austin Energy program requirements
** Environmental Benefits based on the US Energy Information Association's state-wide electricity profile
*** According to the Environmental Protection Agency...
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