Yes. If desired, applicants can designate another party to receive a portion of or the full performance incentive payments. The financial institution information will not be captured at the time of the initial application and instead after installation is complete.
Will there be a baseline to measure the active dispatch performance?
No, there will be no baseline. The calculation of the average performance will be based on the discharge performance across all events called during the dispatch season.
How will the performance incentive be paid out?
The performance incentive associated with participation in active dispatch will be administered by Eversource and UI. The settlement for active dispatch will be generated at the end of the summer and winter dispatch seasons.
How will the upfront incentive be paid out?
The upfront incentive associated with participation in passive dispatch will be administered by the Green Bank. The incentive will be paid directly to the contractor, in monthly batches based on project installation completion. This incentive will be passed onto the customer as a reduction in the total system cost.