Freedom Solar Blog PEC Solar Buyback Rate Increases by 19%

PEC Solar Buyback Rate Increase by 19%In a significant move for renewable energy advocates, Pedernales Electric Cooperative (PEC) has announced an increase in its solar buyback rate for 2025. This adjustment aims to better compensate members who contribute excess solar energy back to the grid, reflecting PEC's commitment to supporting sustainable energy solutions.Energy Givers RejoicePreviously, PEC's buyback rate stood at 5 cents per kilowatt-hour (kWh), a figure that drew criticism from solar energy proponents who felt it undervalued their contributions of excess solar production. The new rate, effective from March 2025, increases this compensation from $.0695/kWh to $.0826/kWh, which is a 19% increase. This change not only acknowledges the growing importance of distributed solar generation but also provides a more favorable economic incentive for members considering solar installations.Understanding the New Rate StructureThe updated buyback rate is part of PEC's Sustainable Power Credit program, which is designed to reflect the market value of the energy provided by solar contributors. By aligning the compensation more closely with current energy market rates, PEC aims to ensure fairness and encourage greater participation in renewable energy generation.Implications for PEC MembersFor existing solar energy producers within PEC's service area, this rate increase translates to higher credits on their electricity bills, enhancing the return on investment for their solar systems. Prospective solar adopters may find this new rate a compelling factor in their decision-making process, potentially accelerating the adoption of solar technology within the community.Looking AheadPEC's decision to raise the solar buyback rate marks a progressive step towards embracing renewable energy and supporting its members' sustainability efforts. As the energy landscape continues to evolve, such initiatives play a crucial role in promoting environmental responsibility and energy independence. Solar customers interested in learning more about the Sustainable Power Credit program or exploring solar energy options can visit PEC's official website for detailed information and resources.If you're a PEC homeowner interested in taking advantage of this new rate and the infinite power of the sun, contact Freedom Solar today by filling the form below or calling us at 1 (800) 504-2337.The post PEC Solar Buyback Rate Increases by 19% appeared first on Freedom Solar.