Posting Language
Title
Approve issuance of a 5-year performance-based incentive to Starwood Capital Group LLC, for the installation of solar electric systems on their facility located at 10814 Jollyville Road #4, Austin, Texas 78759, in an amount not to exceed $70,125.91.
De
Lead Department
Austin Energy.
Fiscal Note
Funding in the amount of $70,125.91 is available in the Fiscal Year 2023-2024 Austin Energy Operating Budget.
Prior Council Action:
November 30, 2023 - Council approved a 5-year performance-based incentive for the Starwood Capital Group, LLC.
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:
April 15, 2024 - To be reviewed by the Electric Utility Commission.
April 16, 2024 - To be reviewed by the Resource Management Commission.
Additional Backup Information:
Austin Energy requests approval to issue this 5-year performance-based incentive (PBI) to the Customer for the installation of a solar electric system 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)
92
Total System Size (kW-AC)
76
Annual Estimated Production (kWh)
135,509
Total System Cost
(Does not include panel and inverter cost)
$101,548.35
Total Incentive
$70,125.91
Percent of Cost Covered
69%
Environmental Benefits** and Emission Reduction Equivalencies***
Reduction of Carbon Dioxide (CO2) in tons
61
Reduction of Sulfur Dioxide (SO2) in pounds
68
Reduction of Nitrogen Oxide (NOX) in pounds
95
Equivalency of Vehicle Miles Driven
141,862
Equivalency of Cars on Austin Roadways
12.3
Equivalency of Trees Planted
915
Equivalency of Forest Acreage Added
66
*All solar equipment meets Austin Energy program requirements
** Environmental Benefits based on the US Energy Information Asso...
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