95-648 C.M.R. ch. 103, § 4 - QUALIFICATION CRITERIA FOR REBATES

1. Cost-Effectiveness. The Trust will only provide rebates to Renewable Energy Installations where the Net Present Cost of the project is exceeded by the Net Present Benefit of avoided costs over the Estimated Useful Life of the equipment to the owner.

2. Quality Assurance. The Trust will only provide rebates for cost-effective renewable energy technologies that adhere to quality assurance requirements as follows:

A. Configuration and capacity of system is consistent with standards specified or selected by the Trust from time to time.

B. Installer provides owner and Trust an energy model using computer software approved by the Trust, demonstrating expected system output, size, configuration, and cost-effectiveness.

C. Owner agrees to random inspection of the renewable energy installation and operation by the Trust or its agent upon appropriate notification.

3. Rebate Amounts. Rebate amounts for all cost-effective renewable energy technologies will be a function of the avoided fuel costs displaced by the renewable energy installation over the Estimated Useful Life consistent with investment to return ratios provided by the Triennial Plan.

4. Consumer privacy. The provisions of the federal Gramm-Leach-Bliley Act, 15 United States Code, Section 6801 et seq. (1999), and the applicable implementing federal regulations regarding the privacy of consumer information, apply to all consumer financial information obtained by the Trust or their designees in implementing the Renewable Resource Fund under this chapter.

Notes

95-648 C.M.R. ch. 103, § 4