MVEC’s Green Source program gives individual members the option of purchasing renewable energy through Renewable Energy Certificates.
Renewable Energy Certificates (RECs)
With renewable energy certificates, or RECs, electricity is not produced locally; renewable energy development is promoted indirectly.
The average household uses 1,000 kilowatt hours a month. By participating in a REC program, that electric usage would be completely offset in renewable energy with the purchase of:
- Wind RECs – $1 per MWhr ($.10 per 100 kWh block)
- Solar RECs – $3 per MWhr ($.30 per 100 kWh block)
You may purchase as many blocks of RECs as you would like, up to your average annual electric usage. Because you are not under any contract, you may leave the program whenever you wish.
MVEC energy portfolio currently meets Minnesota’s mandate of 20 percent renewable energy by the year 2020. When you purchase RECs on an individual basis, the credit is yours and goes above and beyond what the cooperative is already purchasing on our members’ behalf. Only those who subscribe to a program pay for GreenSource. Costs are not passed down to non-subscribing members.
Interested in building your own solar or wind system on your property?
Learn more about MVEC’s distributed generation policy
Questions? For more information contact:
Craig Lofdahl (952) 492-8207
Marvin Denzer (952) 492-8249