Farmers Electric Cooperative (Kalona) - Renewable Energy Purchase Rate

May 12, 2015

Summary

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.

Program Overview

Implementing Sector:	Utility
Category:	Financial Incentive
State:	Iowa
Incentive Type:	Performance-Based Incentive
Web Site:	http://sites.google.com/site/feckalona/energy/renewable-energy
Administrator:	Farmers Electric Cooperative
Start Date:
Eligible Renewable/Other Technologies:	Solar Photovoltaics Wind (All) Wind (Small)
Incentive Amount:	$0.125/kWh for up to 100% of customer monthly usage Excess generation credited at $0.06/kWh
Maximum Incentive:	Payment limited to 25% of customers monthly kWh usage
Terms:	10 years
Eligible System Size:	0.5 kW - 50 kW
Ownership of Renewable Energy Credits:	Utility owns during incentive term (10 years) Customer regains ownership after 10-year term

Contact

Name:	Customer Information - Energy Conservation and Renewables
Address:	1959 Yoder Ave. SW Kalona IA 52247
Phone:	(319) 683-2510
Email:	sales@feckalona.org

This information is sourced from DSIRE; the most comprehensive source of information on incentives and policies that support renewables and energy efficiency in the United States. Established in 1995, DSIRE is operated by the N.C. Clean Energy Technology Center at N.C. State University.