By 2025, at least 25% of the power purchased by NHEC for use by our members will be generated by renewable resources. This is the goal of New Hampshire's RPS as well as the 25x'25 Vision of the Energy Future Coalition, of which NHEC is a member.
Progress towards that goal is measured not only by megawatt hours purchased but by the number of Renewable Energy Credits (RECs) the company acquires. To acquire RECs, NHEC is using its purchasing power and the strength in numbers of Co-op members who are installing renewable energy systems of their own.
In July, 2007 the Co-op Board resolved to support the development and procurement of renewable resources in the mix of NHEC's 'Co-op Power' energy service offered to members, through the purchase of RECs with and without the related energy, striving to exceed the minimum RPS levels by:
- covering wholesale to retail delivery losses on top of the RPS retail sales based obligations;
- Seeking renewable energy from sources that are cost-effective and appropriate to NHEC's power resources portfolio
Strength in Numbers
As part of its commitment to social and environmentally responsible business practices, NHEC offers rebates of up to $3,500 to members who install qualified solar hot water, solar photovoltaic or small wind turbine systems in Co-op service territory. In exchange, those members give the RECs they generate to the Co-op, which aggregates them and uses them to meet or exceed New Hampshire's RPS.
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