Sec. 14.26.07.07. Application Process for a Credit Certification

A. An individual or corporation interested in qualifying for a credit certification may be asked to provide some or all, at the sole discretion of the Administration, of the following information to the Administration:

(1) Name, address, email address, and phone number of the applicant's authorized representative;

(2) Estimated gross income of property owner for a residential participant, or gross revenue for a commercial participant;

(3) Estimated tax liability;

(4) Property physical address and proof of ownership of property;

(5) Description of the qualifying energy storage system being proposed for use at the facility and an explanation of how it offsets electricity when discharging;

(6) Name and contact information of the developer/installer;

(7) Whether or not the energy storage system will participate in wholesale energy markets;

(8) Anticipated cost of the qualifying energy storage system;

(9) Expected life of the qualifying energy storage system;

(10) Anticipated in-service date for the qualifying energy storage system;

(11) Anticipated capacity factor of the qualifying energy storage system;

(12) Energy storage duration;

(13) Energy density;

(14) Energy storage system power density;

(15) Documentation verifying that the energy storage system has been installed and is operational, which includes copies of local electrical permits, inspection approvals, equipment certified by a nationally recognized testing laboratory, the results of any performance testing, and any other applicable documentation; and

(16) Any other information the Administration considers necessary to process the application.

B. The Administration shall issue credit certificates on a first-come, first-served basis once it has determined the application is complete and verifies the information provided by the applicant.

C. The Administration may bifurcate the application process as necessary into more than one step.

D. The Administration may not issue a credit certification of more than $75,000 for a commercial property or $5,000 for a residential property, and the Administration may not issue a total amount of credits totaling more than $750,000 in any taxable year.