North Georgia Customers - The Best Deal in the State

Oct 7, 2009 | 5:30 PM

If you are lucky enough to live in a section of North Georgia serviced by a TVA Power Distributor (North Georgia, Blue Ridge Mountain or Tri-State EMCs), then you can take advantage of the best incentive available in the State.  In addition to qualifying for State and Federal grants and/or tax credits, TVA will pay a premium for solar power generation.

How the program works:

  * A solar photovoltaic generation system is installed by a residential, commercial, or industrial power customer served by a participating power company of TVA.
  * TVA will purchase all of the green energy output at a rate of 12 cents per kilowatt-hour 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.

A 5 kW solar photovoltaic (PV) installation in the Valley averages 500 kWh per month or roughly $110 per month Generation Credit:

500kWh X $0.22/kWh (average retail rate of $0.10 + solar premium $0.12) = $110

  * 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.

Contact us for more information.