§ 1161. Short title

This subchapter may be cited as “The Feed-in Tariff Act”.

§ 1162. Purpose

The purpose of the Tariff established in section 1164 is to: (1) Allow all Virgin Islanders the opportunity to participate in renewable energy generation by requiring that the Utility purchase such energy at a fair and reasonable price; (2) Authorize the Commission to determine and set the rates at which energy shall be purchased from […]

§ 1163. Definitions

As used in this subchapter: (a) “Adequate renewable energy development” means a rate of development necessary to accomplish the renewable energy objectives and standards in title 12 V.I.C., chapter 23. (b) “Avoided costs” means the incremental costs to an electric utility of electric energy which, but for the purchase from the qualified owner or qualified […]

§ 1164. Tariff established

A tariff is established when a qualified owner enters into a power purchase agreement with the utility for renewable energy generation projects through grid interconnection. The utility purchases actual electrical energy generated by qualified owners’ projects at a percentage discount to the avoided cost of the Utility as set by the Commission.

§ 1165. Tariff, commission action

(a) Authority to offer tariff. No later than sixty days after the effective date of this subchapter, the Utility shall file for Commission approval a tariff and a proposed Power Purchase Agreement consistent with this section. The Commission within sixty days after receipt, shall initiate a review of the tariff consistent with its investigative powers […]

§ 1166. Limitations on aggregate renewable energy

(a) A Utility shall enter into power purchase agreements pursuant to this subchapter with owners of renewable electricity generators until such time as the aggregate amount of renewable electricity generated or to be generated in that district by renewable electricity generators pursuant to this subchapter, and net metering systems, pursuant to subchapter IV, total: (1) […]

§ 1167. Meter installation and cost recovery

(a) Meter installation. The utility shall supply, at no cost to the qualified owner, a meter or such other properly calibrated and tested device, as is needed to monitor and record the amount of power, in kilowatt hours, generated by the renewable electricity generator and delivered to the utility’s distribution system or grid. The utility […]

§ 1168. Alternative energy systems as chattel or real property

(a) Except as provided in subsection (b), no renewable electricity system, whether affixed to structures or improvements on real property or otherwise, may be deemed to be real property or a fixture of real property, and therefore may be conveyed or encumbered only as are other items of chattel. (b) For purposes of hazard, windstorm, […]