News Release

Tampa Electric will pay rebates for new solar installations starting April 18

The company will offer $1.5 million in rebates each year for five years to encourage the installation of solar water heater and photovoltaic (PV) systems.

TAMPA, April 12, 2011

Tampa Electric today announced that the company will pay rebates to customers who install new solar water heating systems and/or new PV systems at their homes or businesses. The company will accept reservations online at tampaelectric.com/renewable beginning at 8:00 a.m. on April 18. The availability of the rebates is limited and will be offered on a first-come, first-served basis.

Existing systems will not qualify for the rebate.

The new solar rebate programs – submitted as part of the company’s energy conservation program filing and approved by the Florida Public Service Commission (FPSC) include:

  • Residential Solar Water Heating – Provides customer rebates up to $1,000 for installing new solar water heating systems.
  • Solar PV Systems – Provides residential and business customer rebates of $2 per watt (up to a maximum of $20,000) when PV systems are installed and interconnected to Tampa Electric’s grid.

Additionally, the FPSC approved the company’s PV for Schools program, which will install five 10-kilowatt (kW) systems at schools (one school per year over five years) with an emphasis on schools that can function as emergency shelters. The PV technology will provide educational opportunities to teachers and students.

“We’re pleased the FPSC has granted Tampa Electric permission to offer rebates to customers who wish to install solar systems at their home or business,” said Gordon Gillette, president of Tampa Electric and Peoples Gas. “Just as we have installed PV systems across our service territory to help support the use of renewable energy, we want to help our customers do the same by making it an affordable option,” he said.

Tampa Electric will connect the solar systems to the company’s electric grid with net metering, where the company provides a retail credit to a customer for excess electricity generated by their PV system. To date, the company has 133 solar customers interconnected with net metering, resulting in a combined capacity of almost 1,300 kilowatts. More about customer-installed systems and net metering is available on the company’s website at tampaelectric.com/renewable.

Supporting the use of renewable energy

Tampa Electric was Florida’s first investor-owned electric utility to offer a Renewable Energy program that makes it easy for customers to purchase a portion of their electricity from renewable sources by signing up for $5 blocks of renewable energy. For each block purchased, Tampa Electric distributes 200 kilowatt-hours (kWh) of renewable energy.

For more information on Tampa Electric’s Renewable Energy program, visit tampaelectric.com/renewable.

Tampa Electric Company is the principal subsidiary of TECO Energy Inc. (NYSE: TE), an integrated energy-related holding company with regulated utility businesses, complemented by a family of unregulated businesses. Tampa Electric Company is a regulated utility with both electric and gas divisions (Tampa Electric and Peoples Gas System). Other subsidiaries are engaged in coal, and electric generation in Guatemala.

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CHERIE JACOBS
TECO Energy, Tampa Electric, Peoples Gas
TECO Energy, Inc.
702 N. Franklin Street
Tampa, Florida 33602
E-mail: cljacobs@tecoenergy.com