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 – $.10 per 100 kWh block
- Solar RECs – $.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 is on track to meet Minnesota’s mandate of 20% renewables in our energy portfolio 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:
Mike Orvick or Michael Hinde
(952) 492-2313 or (800) 282-6832