Yes. If your energy efficiency measures exceed the current reporting year’s required savings, you can claim or defer the excess to a successive year, not to exceed four consecutive years following the year in which the savings occurred.
To be eligible for deferral, efficiency measures have to have a lifespan of six or more years. They can’t be changes in maintenance only, or changes in operating practices that are not accompanied by new physical energy management controls or systems.
Excess savings deferred to a future plan year must begin with the first successive year and be used in the shortest time period possible. Excess savings expire upon termination of the opt-out status. Report the distribution of excess savings in your first annual report following installation of the eligible measure. Once declared, the savings distribution can’t be revised.