Farmers Electric Cooperative (Kalona) - Renewable Energy Purchase Rate (Iowa)
Last modified on December 17, 2014.
Financial Incentive Program
|Name||Farmers Electric Cooperative (Kalona) - Renewable Energy Purchase Rate|
|Incentive Type||Performance-Based Incentive|
|Applicable Sector||Commercial, Residential|
|Eligible Technologies||Photovoltaics, Wind|
|Energy Category||Renewable Energy Incentive Programs|
|Amount|| 0.125/kWh for up to 100% of customer monthly usage|
Excess generation credited at 0.06/kWh
|Eligible System Size||0.5 kW - 50 kW|
|Maximum Incentive||Payment limited to 25% of customers monthly kWh usage|
|Ownership of Renewable Energy Credits|| Utility owns during incentive term (10 years)|
Customer regains ownership after 10-year term
|Program Administrator||Farmers Electric Cooperative|
|Date added to DSIRE||2010-02-04|
|Last DSIRE Review||2014-09-18|
|References||DSIREDatabase of State Incentives for Renewables and Efficiency|
Farmers Electric Cooperative offers a production incentive to members that install qualifying wind and solar electricity generating systems. Customer-generators owning a qualifying grid-tied solar and wind energy systems are eligible for a $0.125 per kilowatt-hour (kWh) production incentive (up to 100% of monthly energy usage) for up to 10 years. Generation in excess of monthly usage will be credited to the customer-generator at a rate of $0.06 per kWh.
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 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.
The system must be operational and in service on or after January 1, 2008, and the customer-generator must participate in the utility's Green Power Project in order to qualify.
|Contact Name||Customer Information - Energy Conservation and Renewables|
|Department||Farmers Electric Cooperative|
|Address||1959 Yoder Ave. SW|
- Incentive and policy data are reviewed and approved by the N.C. Solar Center's DSIRE project staff.