(1)The department may issue a preliminary certificate if it determines that the energy conservation project is technically feasible and capable of operating in accordance with the representations made by the applicant.
(2)The department may issue a tax credit that is less than the amount requested in the energy conservation project application, pursuant to statute and applicable rules.
(3)The sum of any incentives, grants, credits and the energy conservation tax credit incentive may not exceed total project costs.
(4)The preliminary certificate will state the qualifying cost, the potential amount of allowable tax credit and may include any conditions for claiming the credit. The applicant has 60 days from the issue date of the preliminary certificate to return the signed conditions of preliminary certification. Failure to return the signed conditions of preliminary certification within the specified time period may result in revocation of the preliminary certificate.
(5)The applicant must report to the department on the project’s status beginning one year from the issuing date of the preliminary certificate, unless the department has already received the project’s application for final certification. The applicant must continue to submit project progress reports to the department every six months after the initial report until the department receives the project’s application for final certificate. Failure to submit reports may result in denial of a final certification.
(6)A preliminary certification remains valid for a period of three calendar years after the date the department issues the original preliminary certification or until the sunset of the program, whichever comes first.
(7)The department may revise a preliminary certificate to comply with statute, rule, the Opportunity Announcement or to correct clerical errors.
Rule 330-210-0080 — Preliminary Certification,