Incentive Payment Effective Date definition

Incentive Payment Effective Date means the earliest date on or after the Commercial Operation Date on which electrical energy output of a STGU can result in the creation of RPS Class I Renewable Generation Attributes and also be eligible to begin receiving Incentive Payments.

Incentive Payment Effective Date means the earliest date on or after the Commercial Operation Date on which electrical energy output of a STGU can result in the creation of RPS Class I Renewable Generation Attributes and also be eligible to begin receiving Incentive Payments. MASSACHUSETTS ELECTRIC COMPANY NANTUCKET ELECTRIC COMPANY SMART PROVISION

Examples of Incentive Payment Effective Date in a sentence

• All STGUs with capacities less than or equal to 25 kW AC will be eligible to receive compensation under this tariff for 10 years from the STGU’s Incentive Payment Effective Date.

• All STGUs with capacities larger than 25 kW AC will be eligible to receive compensation under this tariff for 20 years from the STGU’s Incentive Payment Effective Date.

• A Solar Tariff Generation Unit seeking a Community Shared Solar adder or Low Income Community Shared Solar adder must allocate at least 90% of bill credits or electricity by the Incentive Payment Effective Date.

• If the Solar Tariff Generation Unit meets all eligibility requirements pursuant to 225 CMR 20.00, the Department shall issue a final Statement of Qualification and the Solar Tariff Generation Unit may begin its SMART Tariff term upon its Incentive Payment Effective Date.

• Additional guidance on how each Distribution Company determines the Incentive Payment Effective Date is provided in the SMART Incentive Payment Effective Dates document.

• If the Incentive Payment Effective Date for the Energy Storage System is after June 1st of any given year, it does not need to show compliance with the operational requirements for that year.

• A Solar Tariff Generation Unit seeking a Community Shared Solar adder must allocate at least 90% of bill credits or electricity by the Incentive Payment Effective Date.

• If it does not, or if it is a Solar Tariff Generation Unit seeking a Community Shared Solar adder or Low Income Community Shared Solar adder that has received its preliminary Statement of Qualification after the Publication Date, the STGU must demonstrate it meets the definition to qualify for the adder in question as of the its Incentive Payment Effective Date.

• The Parties will work cooperatively and in good faith to affect the transfer of AOBCs to Purchaser’s Local Electric Utility accounts in accordance with all SMART Program requirements under Applicable Law and Local Electric Utility tariffs, including applicable interconnection and metering requirements (e.g., required utility paperwork) including any AOBCs that may be attributable to the Alternative On-Bill Credit Production prior to the Incentive Payment Effective Date.

• Between the Commercial Operation Date and Incentive Payment Effective Date, Eversource, National Grid and Unitil will compensate AOBC projects and National Grid will compensate all projects greater than 60 kW‐AC as non‐SMART QFs (i.e., QFs without any SMART‐based compensation or incentives), in accordance with the terms and conditions of a Power Purchase Agreement that is to be executed with the appropriate EDC prior to commercial operation.