Green Mountain Energy (GME) announced a program to buy excess residential electricity from Texas residents who have solar panels or other renewable generation facilities installed at their homes. Under the Renewable Rewards program, GME will buy back electricity that exceeds the amount needed for a household’s use. The program has no term commitment and is open to new and existing Green Mountain Energy customers who purchase the company’s 100% wind energy product. For the first 500 kilowatt-hours (kWh) of excess electricity they generate, GME will pay customers about 15¢/kWh, matching the rate that customers pay GME for the 100% wind product. After the first 500kWh, Green Mountain Energy will pay half that rate for any additional generation, or about 7.5¢/kWh.
Customer eligibility requirements for the program include an interconnection agreement in place with their Texas service provider and a meter that separately measures in-flow and out-flow.
Press Release - Green Mountain Energy Company Launches Renewable Rewards Buy-Back Program (PDF 111 KB) Download Adobe Reader
Contact: Marci Grossman, 480-502-8100