DSS Participant Requirements
Evidence of Land Rights
An application must include evidence that the applicant has either title or rights of access to the proposed project site sufficient to build, operate and maintain the project, enforceable by contract for the term of the DSS contract (“access rights”).
Such access rights may include ownership, a lease, option, letter of intent, memorandum of understanding, or other grant conditional only on (i) the applicant entering into the DSS contract and (ii) the supplier under the DSS contract being issued notice to proceed.
The applicant will be subject to a complete credit evaluation and analysis in order for TVA to determine the applicant’s creditworthiness. The applicant must submit documentation for both itself and any proposed guarantor. In completing the credit evaluation, TVA will consider many factors including, but not limited to, the following:
- Financial statements
- Audited financial statements for the last three preceding fiscal years that include balance sheets, income statements, statements of cash flows and notes to the financial statements
- Interim financial statements for the most recent fiscal quarter
- If publicly traded:• Annual report on Form 10-K for the last three preceding fiscal years• Form 10-Q for the most recent fiscal period.
- Rating agency reports (S&P, Moody’s, and Fitch), if available
- Bank information (name, address, phone number and officer contact)
- Credit references (from three sources that include name, address, phone number and contact)
- Legal name and the state of incorporation
- Shareholder ownership schedule (if applicable)
- Complete disclosure of any material litigation, commitments or contingencies, etc.
If any of these elements of the application are not submitted to TVA, the application will be rejected as incomplete.
The completed application package should be emailed to DSS@TVA.gov. Payments need to be mailed to the below address where paper applications will also be accepted::
Tennessee Valley Authority
Attn: Dawna Aragon—Distributed Solar Solutions
26 Century Blvd, OCP 7B
Nashville, TN 37214
The applicant must sign and initial the paper original with permanent ink. All copies of the application, including the electronic version, must include all of the required documentation as itemized on the checklist. The application fee must accompany the application.
Applicants are solely responsible for ensuring the technical, regulatory and financial viability of their project, and TVA shall have no responsibility whatsoever to independently assess the viability of any application or project nor any liability whatsoever in the event that a project is not or becomes no longer viable in any respect. Submission or acceptance of an application does not create any binding obligation between TVA and the applicant.
All interested parties are urged to consult TVA’s procedures for compliance with the National Environmental Policy Act (NEPA) to determine the likelihood that, and the timeline in which, their project can be reviewed for environmental acceptability.
TVA will determine whether the act applies to proposed project, and initiate one of three levels of review. TVA’s procedures for environmental review are available here.
Applicants are responsible for all costs associated with the environmental review. Click here to read frequently asked question about NEPA for Distributed Solar Solutions.
Costs of Application and Implementation
The application fee is dependent upon the project’s gross nameplate capacity. The application fee is nonrefundable, except for the situations described above.
Any DSS project up to 2 MW – Application fee of $1,000 + $1.00/kW
Performance Assurance costs are incurred at several places in the process, including $15 per kW when the contract is issued and $25 per kW on receipt of the Notice to Proceed. The Performance Assurance changes once a project has been approved to begin operation; see below for specific amounts.
- Year 1-2, Performance Assurance of $125/kW
- Year 3-4, Performance Assurance of $100/kW
- Year 5-20, Performance Assurance of $75/kW
Performance Assurance Example: 1 MW
- Contract Issued: $15,000
- Notice to Proceed: $25,000
- Year 1-2: $125,000
- Year 3-4: $100,000
- Year 5-20: $75,000