Dominion Virginia Power begins accepting online applications June 20 for its Solar Purchase Program, which will help eligible customers offset the cost of adding solar power generation capacity to their homes and properties while increasing solar generation in Virginia.
Customers can apply at Dominion’s website. The pilot program is limited to a total of 3 MW. (Dominion Virginia Power is one of the top utilities in the U.S. for selling renewable energy to its customers. Find out about the others here.)
Participating customers purchase, install and own the solar generation system located on their property, but sell the electricity and the associated solar Renewable Energy Certificates (RECs) back to Dominion at a premium rate of 15 cents per kWh.
Participating customers purchase all of the electricity for their homes or businesses from the company on their current rate schedule. The Dominion Green Power program directly supports these solar projects through the purchase and retirement of the RECs produced.
The Solar Purchase Program is an alternative to Dominion’s net metering program in which customers offset their consumption with self-generated renewable energy using a variety of fuel sources. Currently, about 850 customers participate in the net metering program.
Dominion Virginia Power is a unit of Dominion (NYSE:D), which operates a portfolio of about 27,000 MW of generation, 11,000 miles of natural gas transmission, gathering and storage pipeline and 6,400 miles of electric transmission lines.