How is the incentive payment from TEP calculated and when can I expect payment?
Step 1: Determine the System Capacity Size: PV PANEL NAMEPLATE RATING (#WATTS) X QUANTITY OF PANELS = SYSTEM CAPACITY SIZE Step 2: SYSTEM CAPACITY SIZE X $2.00 PER WATT = TOTAL INCENTIVE PAYMENT (TEP may not pay for more than 60% of the total cost of the project. The TEP incentive payment combined with all federal and state incentives may reach only 85% of the total project cost). Incentive payments from TEP may require up to 30 days for processing. Incentive payments are sent only after a final inspection is completed by City or County inspectors and by TEP.
