Section 2851.1 Of Article 1. Solar Energy Systems From California Public Utilities Code >> Division 1. >> Part 2. >> Chapter 9. >> Article 1.
2851.1
. (a) As used in this section,"discount rate" means a
financial mechanism that provides a given amount of interest as an
offset to the loss of the time value of money on solar projects that
receive performance-based incentives under Section 2851.
(b) Before collecting additional ratepayer funds to fund program
shortfalls identified for incentive step levels 8, 9, and 10 for
nonresidential solar photovoltaic systems, the commission shall first
allocate interest accumulated from customer collections and, for the
remainder of the shortfall, increase collections from customers of
San Diego Gas and Electric Company, Southern California Edison
Company, and Pacific Gas and Electric Company for programs described
in paragraph (1) of subdivision (e) of Section 2851.
(c) The discount rate shall be set at 4 percent, unless the
commission determines the rate should be reduced.