Certified Project Cost – What is included? How much should I certify?
If I have a large electric energy efficiency project with a significant capital investment, how do I determine how much of the project cost I should certify? Should I certify the entire project cost, only a couple of the measures in the project, or only some portion of the project costs? If I only certify a portion of the project, how does that effect eligibility with regard to the conservation project simple payback criteria of one to ten years? Large electricity consumers have a specific and limited amount of their public purpose charge that they may self-direct for investment in on-site energy conservation projects or new renewable resource purchases. For example, a site that uses 32,000,000 kWh each year and pays $.07/kWh would end up with an annual public purpose charge of $67,000. (32,000,000 x .07 x 3 percent public purpose charge) The amount that consumer could self-direct for conservation projects would be $38,102 (56.7 percent of the $67,000 public purpose charge). The law al
