New microFIT and FIT Rates Announced by OPA

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New microFIT and FIT Rates Announced by OPA

The annual review of the OPA FIT and microFIT programs has resulted in a new price schedule.  View the new price schedule here!

The OPA is required to review the prices offered to generators under the FIT and microFIT programs on an annual basis to ensure both ratepayer value and a fair return on investment. For the microFIT Program, the new price schedule will be effective on January 1, 2015 and will apply to Application Approval Notices that are issued on or after January 1, 2015.

For the FIT Program, the new price schedule will be effective immediately and will apply to any FIT contracts that are offered after September 30, 2014, including FIT contracts offered through the extended FIT 3 procurement. The new price schedule will not apply to any FIT contracts offered pursuant to the July 30, 2014 Offer List.

The next price review will occur later in 2015 and will be effective on January 1, 2016

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