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Iowa

Iowa

Incentives/Policies for Renewable Energy

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Farmers Electric Cooperative (Kalona) - Renewable Energy Purchase Rate   

Last DSIRE Review: 09/18/2014
Program Overview:
State: Iowa
Incentive Type: Performance-Based Incentive
Eligible Renewable/Other Technologies: Photovoltaics, Wind
Applicable Sectors: Commercial, Residential
Amount:$0.125/kWh for up to 100% of customer monthly usage
Excess generation credited at $0.06/kWh
Maximum Incentive:Payment limited to 25% of customers monthly kWh usage
Terms:10 years
Eligible System Size:0.5 kW - 50 kW
Ownership of Renewable Energy Credits:Utility owns during incentive term (10 years)
Customer regains ownership after 10-year term
Web Site: http://sites.google.com/site/feckalona/energy/renewable-energy
Summary:

Farmers Electric Cooperative offers a production incentive to members that install qualifying wind and solar electricity generating systems. Customer-generators owning a qualifying grid-tied solar and wind energy systems are eligible for a $0.125 per kilowatt-hour (kWh) production incentive (up to 100% of monthly energy usage) for up to 10 years. Generation in excess of monthly usage will be credited to the customer-generator at a rate of $0.06 per kWh. 

This is a buy-all, sell-all arrangement where the customer-generator purchases all of their electricity from the utility at the normal retail rate, and sells the entire output of their qualifying system to the utility. As a result, this arrangement requires two meters; one to measure the renewable energy system's production and one to measure the electricity used by the home or business.

The system must be operational and in service on or after January 1, 2008, and the customer-generator must participate in the utility's Green Power Project in order to qualify. 


 
Contact:
  Customer Information - Energy Conservation and Renewables
Farmers Electric Cooperative
1959 Yoder Ave. SW
Kalona, IA 52247
Phone: (319) 683-2510
Fax: (319) 683-2506
E-Mail: feckalona@gmail.com
Web Site: http://www.feckalona.com/index.html
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Disclaimer: The information presented on the DSIRE web site provides an unofficial overview of financial incentives and other policies. It does not constitute professional tax advice or other professional financial guidance, and it should not be used as the only source of information when making purchasing decisions, investment decisions or tax decisions, or when executing other binding agreements. Please refer to the individual contact provided below each summary to verify that a specific financial incentive or other policy applies to your project.

While the DSIRE staff strives to provide the best information possible, the DSIRE staff, the N.C. Solar Center, N.C. State University and the Interstate Renewable Energy Council, Inc. make no representations or warranties, either express or implied, concerning the accuracy, completeness, reliability or suitability of the information. The DSIRE staff, the N.C. Solar Center, N.C. State University and the Interstate Renewable Energy Council, Inc. disclaim all liability of any kind arising out of your use or misuse of the information contained or referenced on DSIRE Web pages.

Copyright 2013 - 2014 North Carolina State University, under NREL Subcontract No. XEU-0-99515-01. Permission granted only for personal or educational use, or for use by or on behalf of the U.S. government. North Carolina State University prohibits the unauthorized display, reproduction, sale, and/or distribution of all or portions of the content of the Database of State Incentives for Renewables and Efficiency (DSIRE) without prior, written consent.