Green Mountain Energy customers with a renewable energy installation connected to the power grid are eligible for this buy-back program. Credits will be given for the excess energy produced and exported back to the power grid.
Under the Green Mountain Energy Renewable Buy-Back Program, any renewable energy system is eligible for the incentive. That means wind, solar, biomass, geothermal, hydroelectric, tidal and wave energy systems with a capacity of 25 kilowatts or less qualify for the program as long as they’re installed in a residence.
For the first 500 kWh of power given back each month, the credit rate will be the same as what Green Mountain Energy charges for its Renewable Rewards electricity product. In excess of 500 kWh, the rate will be 50% of the buy-back rate. The rebate will be exclusive of monthly service charges, applicable taxes, fees, TSDP advanced meter surcharges, and other fees or charges. The customer will retain ownership of any renewable energy credits (RECs) of the system or any other environmental attributes associated with the system.
To qualify for Green Mountain Energy Renewable Rewards Buy-Back Program, the applicant must already possess an Interconnection Agreement for the TDSP and must have a meter installed that measures out-flow and in-flow of electricity to and from the house. Lastly, the applicant must be enrolled in Green Mountain’s Renewable Rewards program.
Customers of the following utilities can contact them for questions with regard to interconnection to the grid and two-way metering:
Distributed Generation Coordinator
1 Riverside Plaza
Columbus, Ohio 43215
Bellaire Service Center
4320 Bissonnet Blvd.
Bellaire, TX 77401, Phone: 713-945-4155
Distributed Resource Specialist
Oncor Electric Delivery
1601 Bryan Street, Rm. 24-055E
Dallas, Texas 75201 Phone: 214.486.5547 Fax: 214.812.3440
For questions concerning the Green Mountain Energy Renewable Rewards Buy-Back Program, you can contact:
Public Information – Renewable Rewards Program
Green Mountain Energy
P.O. Box 689008
Austin, TX 78768
Phone: (866) 473-3689
Phone 2: (866) 785-4668
Fax: (512) 692-2756
Disclaimer: This article does not constitute a source of official legal or financial advice. While we attempt to represent all data as accurately as possible, we advise you to refer to official government websites for the most accurate and up-to-date information.