There is no scoring of Projects. Projects presented in the Low-Income Community Solar Pilot RFP will be required to meet qualification standards under the Proposal process. Bidders with Project(s) that meet the standards can submit Bids and generally, the lowest-priced Projects will be selected subject to certain constraints as described further below and may be taken out of price order in limited circumstances.
Specifically, the lowest-priced Projects that satisfy the following constraints will be selected:
- The total cost of all Projects does not exceed a “Budget” announced by the IPA. The cost of each Project is calculated using the Bid price, a 15-year contract term, and using a quantity set on the basis of the standard capacity factor and the size of the Project in MW (AC rating). The Budget is expected to be below $50M.
- The cost of any single Project does not exceed $20M.
- The Budget cannot be entirely spent on Projects presented by utilities.
- A portion of the Budget must go toward a Project that is at least 50% owned by its subscribers. If there is no such Project, a portion of the Budget may be withheld for a subsequent procurement.
As stated in the fourth bullet above, a portion of the Budget must go toward a Project that is at least 50% owned by its subscribers. This means that at least one (1) project that is at least 50% owned by its subscribers must be selected in order for the entire budget for the procurement of RECs to be used. For example, if there is funding sufficient for only 1 project and the project with the lowest-price is not at least 50% owned by its subscribers, the evaluation may feature the selection of a higher price project that is at least 50% owned by its subscribers, which will be taken out of price order in order for the entire budget to be spent.