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Generation Partners

TVA and Cookeville Electric Department offer consumers an additional opportunity to help protect the environment—a program called Generation Partners. Generation Partners provides technical support and incentives for the installation of renewable generation systems. The program makes more green power available for GPS subscribers, and it creates a market for green power generation by homeowners and businesses.

 

Program participants support the environment by helping keep the Tennessee Valley clean and green. They also benefit by defraying the costs of their renewable system installation and lowering their monthly energy bills through the revenue they receive from the sale of the green power.

How the program works

• A renewable generation system is installed by a residential, commercial, or industrial power customer served by a participating power company of TVA power Eligible resources include solar, wind, low impact hydro, and biomass.
• TVA will purchase all of the green energy output at a rate of 12 cents per kilowatt-hour for solar and 3 cents per kilowatt-hour for other renewable generation as a premium payment above the retail rate and any fuel cost adjustments. For example, if you pay your power company 10 cents per kWh for the electricity you use to your power your home each month, then TVA will pay you 22 cents (10 cents plus a 12 cent guaranteed premium) per kWh for 100% of the green energy generated from your solar photovoltaic system. Moreover, a 2 kW solar photovoltaic (PV) installation in the Valley averages 200 kWh per month or roughly $44 per month Generation Credit:
  200kWh X $0.22/kWh (average retail rate of $0.10 + solar premium $0.12) = $44
• All new Generation Partners participants will receive a $1,000 incentive to help offset start-up costs.
• The participating power company will provide monthly statements showing the energy used and any credit due.  Power bills will be reconciled either monthly or annually, at the discretion of the participating power company. Energy consumed at the home or business, whether it is generated at the site or delivered over the local power distribution system, is billed at the standard rate.
• The  customer is guaranteed payments for 10 years from the start of the agreement  with the local power company.
• Customers  should contact their local power company to apply for participation in the  program prior to purchasing a renewable generation system.

 

Generation Partners support the environment by using renewable energy sources, and they reduce their monthly energy bills through the revenue they receive from the sale of the green power.

For more information, please visit TVA's web site @ http://www.tva.gov/greenpowerswitch/partners/index.htm

Or give Karen Brown a call 931-520-5422