Farmers Electric Cooperative (Kalona): Renewable Energy Purchase Rate
Incentives for solar panels and home wind turbines in the form of $0.20/kWh produced for 10 years, up to 25% of your monthly electricity bill.
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Farmers Electric Cooperative offers a production incentive to members that install qualifying wind and solar electricity generating systems. Qualifying grid-tied solar and wind energy systems are eligible for a $0.20 per kilowatt-hour (kWh) production incentive for up to 10 years for energy production that offsets up to 25% of monthly energy usage.
This is a buy-all, sell-all arrangement where the customer-generator purchases all of their electricity from the utility at the normal retail rate, and sells the entire output of their qualifying system (up to 25% of their own monthly consumption) to the utility. As a result, this arrangement requires two meters; one to measure the renewable energy system's production and one to measure the electricity used by the home or business.
Energy production beyond 25% of a customer's consumption can be used to offset on-site usage through the utility's net metering program. This special energy purchase rate is only available for systems placed in service on or after January 1, 2008, and customers must participate in the utility's Green Power Project in order to qualify. The utility also offers a renewable energy rebate program to help offset the initial upfront cost of qualifying solar and wind energy systems.