Solar Photovoltaic Installations
TVA will install at least 500 kWs of solar PV at TVA facilities, TVA directly served customer locations, or another government-owned facility (including all local public power companies served by TVA), and shall maintain the PV installations for a minimum of twenty years following approval of project plan. The project will be implemented according to an innovative TVA proposal entitled the Solar Aggregated Value and Education (SAVE) Initiative. The objective of SAVE is for TVA to partner with the regional community to raise solar energy awareness and education, reduce solar energy costs, and to test the market for upfront Renewable Energy Credit (REC) purchases. The SAVE initiative is based on a community solar business model which brings together individual donors, organizations, and investors to leverage community engagement and maximize stakeholder value.
The project will be implemented through a two-stage request for proposals (RFP). The RFP will solicit proposals that adhere to TVA’s SAVE initiative framework. Project proposals should address details such as leveraging of financial and stakeholder value, site selection, solar array design, feasibility of interconnection, and a community outreach plan. A diverse group of stakeholders should be assembled to work as a unified community team (e.g., corporations, government entities, representatives of the solar industry, businesses, and community organizations). Project selection will be based on criteria such as, but not be limited to, leveraging of cost sharing, project cost optimization, site desirability, community engagement and project team.
|Milestones and timeline are currently under review|
EPA Agreement Five-Year Budget
$2 to $4 million