$791,000 being paid to customers generating excess solar power
Santa Clara County, Calif. – Throughout May, Silicon Valley Clean Energy (SVCE) is paying its solar customers for surplus solar energy produced over the past year. Solar ‘Net Energy Metering’ (NEM) customers having April credit balances greater than $100 will receive payments. More than 2,700 SVCE NEM customers will receive a total of $791,000 in payouts.
The SVCE NEM program tracks the difference between the amount of electricity a customer’s solar panels produce and the amount of electricity used. When a home or business produces a surplus of solar energy, SVCE values that electricity at the full retail rate during which it was generated. This amount is returned to the customer in an annual payment, up to a maximum of $5,000.
This year, SVCE saw its largest annual NEM payment total since beginning operations in 2017. NEM customers include local residences, small and large businesses, schools, municipalities, and other institutions.
“SVCE encourages customers to take control of their energy generation, whether that be with rooftop solar, GreenPrime or GreenStart. Our customers and communities should be proud to know they are a part of the climate solution and are saving money,” said SVCE Chair and Saratoga Mayor Howard Miller.
Customers of SVCE have the choice of GreenStart, a carbon-free electricity mix with 50% coming from renewable sources such as wind and solar and 50% from hydropower; GreenPrime, carbon-free electricity 100% sourced from renewable wind and solar; or rooftop solar, with grid electricity supplied via GreenStart or GreenPrime. For more on these electricity options please visit SVCleanEnergy.org/choices/.
About Silicon Valley Clean Energy
Silicon Valley Clean Energy is a not-for-profit community-owned agency serving the majority of Santa Clara County communities, acquiring clean, carbon-free electricity on behalf of more than 270,000 residential and commercial customers. As a public agency, net revenues are returned to the community to keep rates competitive and promote clean energy programs. Member jurisdictions include Campbell, Cupertino, Gilroy, Los Altos, Los Altos Hills, Los Gatos, Milpitas, Monte Sereno, Morgan Hill, Mountain View, Saratoga, Sunnyvale and unincorporated Santa Clara County. SVCE is guided by a Board of Directors, which is comprised of a representative from the governing body of each member community. For more information, please visit SVCleanEnergy.org.