Printable Form 4562 Simi Valley California 2023-2024

Printable Form 4562 Simi Valley California: What You Should Know

All projects that achieve more than 15% of total cost reduction from the first five minutes of use and 5% of total cost reduction from the first year of operations is benchmarked against 15,000 hours of annual energy and 50,000 in energy savings per megawatt-hour of electricity. This means that if a project achieves 15,000 hours of energy saved or 50,000 in energy saved per megawatt-hour of electricity, it will receive an 8 x 5% (15,000 × .8) = 2,250 in Benchmarking Assistance from the city of Simi Valley. Benchmarking Assistance includes energy audit services and technical assistance in the form of technical assistance in accordance with California Civil Code section 1785. The City of Simi Valley's Benchmarking Policy is modeled after the California Solar Initiative (CSI) by the State of California. The City of Simi Valley's Benchmarking Policy provides funding for utility-scale solar projects that achieve the following thresholds: 1) 15 megawatts (MW) or more, 2) at least 500 megawatts (MW) of capacity or a 25% solar tax credit, 3) all at or below market rate; 4) all on or below existing utility-scale solar energy generation capacity; and 5) all completed by 2027. The City of Simi Valley has adopted the California Solar Initiative Benchmarking Policy on behalf of its customers and as a statewide policy. In compliance with Proposition 65, or the Safe Drinking Water and Toxic Enforcement Act of 1986, this document is based on the most current state performance statistics as of June 23, 2018. The City of Simi Valley is committed to serving all our customers, no matter where they live. We strive to provide the best possible information and services for all energy efficiency-related projects that will help our customers become more energy efficient, save money and help the environment. Please note, there is a limit to the amount of money the city can provide for each project. This amount is subject to change if certain criteria are met. The City has budgeted for all benchmarking assistance projects, but additional funding may be required from the state to fulfill the benchmarking goal.

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