Energy Co. to Reward Texas Residents for Solar Arrays
Green Mountain Energy Company on May 11 launched its Renewable Rewards Buy-Back program for Texas residents.
The program offers credit to Texas customers who install solar arrays or other renewable generation facilities at their homes for any excess energy that their qualifying facility sends to the electricity grid. Green Mountain believes it is the first and only electricity provider in the Texas competitive market to offer this kind of buy-back program.
"Green Mountain is excited to offer this program to our Texas customers—many of whom have been asking for this for quite some time," said Paul Markovich, senior vice president, Residential Services, Green Mountain Energy Company. "We are pleased to launch the Renewable Rewards program as a response to our customers' requests and commend all of the program's participants for taking their commitment to the environment and renewable energy to the next level."
By installing solar arrays or other renewable energy generation facilities at their homes and connecting them to the power grid, Green Mountain customers can receive credit for any excess energy that their qualifying facility exports to the electricity grid through the Renewable Rewards buy-back program. For the first 500-kilowatt hours (kWh) per month of excess energy, the credit will be the same per kWh rate that Green Mountain charges for the Renewable Rewards electricity product. For any excess energy beyond 500 kWh per month, the buy-back rate will be reduced by 50 percent.