Printer Friendly Document - State Incentives

Green Mountain Energy Renewable Rewards Buy-Back Program

Incentive Type
Production Incentive
State
Texas 
Eligible Renewable Tech.
Photovoltaics, Landfill Gas, Wind, Biomass, Hydroelectric, Geothermal Electric, Anaerobic Digestion, Tidal Energy, Wave Energy
Applicable Sectors
 Residential 
Amount

 First 500 kWh/month: Renewable Rewards retail rate
Energy production beyond 500 kWh/month: 50% of retail rate
Terms


 Generally only available for systems of 25 kW or less; customers must participate in the 100% wind (Renewable Rewards) green energy pricing program; requires interconnection agreement with distribution utility and installation of a dual-register meter
Website

 http://www.greenmountainenergy.com/
renewablerewards/#3

Summary:
Green Mountain Energy Company, a retail provider of green electricity, offers a special energy buyback program to Texas customers that produce renewable energy from home-sited systems. It is only available to residential customers of Green Mountain Energy Company who purchase electricity under the company's Renewable Rewards product (100% wind energy). Wind, solar, geothermal, biomass (and related technologies), hydroelectric, wave, and tidal energy systems are eligible for incentives under this program. The program is only intended to support systems of 25 kilowatts (kW) or less.  
 
The Renewable Rewards Buy-Back program mimics net metering up to a certain point. The customer continues to pay the retail rate charged by Green Mountain under the 100% wind energy program for all the electricity they consume from the grid during a month. Any excess energy produced by the customer’s system that is exported to the grid (NEG) is metered separately and the customer's account is credited (the following month) for the exported energy up to 500 kilowatt-hours (kWh) per month at the retail rate. Energy export in excess of 500 kWh per month is credited at half of the retail rate. Notably, customers retain title to any renewable energy credits (RECs) or other environmental attributes produced by the system.  
 
The arrangement requires the customer to enter into an interconnection agreement with their electric distribution utility (not Green Mountain). The customer must also work with their utility to install a meter capable of separately measuring the flow of electricity in both directions. The program website lists utility interconnection contacts for Oncor, CenterPoint, Texas-New Mexico Power, and American Electric Power.


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
E-Mail: askthecat@greenmountain.com


For more questions, please visit our website at: www.NovastarEnergy.com
Or call us, at: 210-853-5330