Dominion Virginia Power’s ‘Summer of Solar’ shines on with the official launch of the company’s much anticipated Solar Purchase Program tomorrow, June 20, 2013.
Approved by the Virginia State Corporation Commission (SCC) on March 22, 2013, the Solar Purchase Program provides qualifying homeowners and businesses with the opportunity to generate and sell electricity and solar Renewable Energy Certificates (RECs) directly to Dominion.
The Dominion Green Power® program directly supports these solar projects through the purchase and retirement of the RECs produced through the Solar Purchase Program.
As a participant in the Solar Purchase Program, customers will install and own the solar generation system located on their property, but sell the electricity and RECs back to Dominion at a premium rate of 15 cents per kilowatt-hour. Participating customers will continue to purchase all of their electricity for their home or business from the company on their current rate schedule.
Customers interested in participating can submit an application at www.dom.com/solarpurchase (application will be available on the 20th).
Program participation is limited to 3 megawatts total, with participants being enrolled on a first-come first-serve basis.
The Solar Purchase Program is an alternative to Dominion’s “net metering” program where customers offset their consumption with self-generated renewable energy. About 850 customers are currently participating in the “net metering” program.
Learn more at www.dom.com/solarpurchase.
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