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Renewables Lower Power Cost In Tennessee, South

Posted on Thursday, December 15th, 2011 at 1:06 pm by Solar Energy USA
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tennesse-valley-authority-tva-logoThe Tennessee Valley Authority (TVA) is the nation’s largest public utility. The TVA provides power to 9 million people in Tennessee, Kentucky, Alabama, Mississippi, Georgia, North Carolina, and Virginia. In the renewable energy realm, the TVA is known for having some of the best incentives and rebates given to homeowners and businesses that adopt renewable energy sources like power from solar panels.

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The TVA Green Power Providers Program (formerly called the Generation Partners Program) is currently available for residential, commercial, nonprofit, local government, state government, and federal government customers that are connected to the TVA power infrastructure. Under their renewable energy generation program, all new participants are given a $1,000 dollar incentive for signing up, and then paid $0.12 cents/kWh above the base rate ($0.08-$0.10 cents/kWh) for solar photovoltaic energy which is generated from solar panels, for a total of $0.20-$0.22 cents for every kWh of energy generated. The contract term is 10 years with an option to extend for an additional 10 years.

The Tennessee Valley Authority recently announced a decrease in the cost they charge customers for using power. In a statement Wednesday, the TVA said that the decrease comes as direct result of using more renewables including hydroelectricity. By using more renewable energy sources there was not as much reliance on more expensive sources of electricity. Average residential electric bills are expected to decrease in January between $2 to $4 dollars.

http://solar-installers-locations.solarenergy-usa.com/tennessee/tennessee/

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