If you’re a customer of Detroit Edison, you may be wondering how much the company pays for your renewable energy.
Renewable energy is a hot topic these days, and Detroit Edison is one of the leaders in promoting its use. The company has a long-term goal of getting 20 percent of its power from renewable sources by 2025.
In the meantime, Detroit Edison is working hard to encourage customers to use renewable energy. The company has a Renewable Energy Credit (REC) program that allows customers to get a credit on their bill for the energy they generate from renewable sources.
The REC program is open to customers who have their own renewable energy source, such as solar panels or a wind turbine. Customers can also participate in the program by signing up for a renewable energy plan with Detroit Edison.
Under the program, customers receive a credit for every kilowatt-hour (kWh) of renewable energy that they generate. The credit is applied to the customer’s Detroit Edison bill, and the customer pays the lower, renewable energy rate for the energy they use.
So, how much does Detroit Edison pay for your renewable energy?
The answer depends on the type of renewable energy you’re generating. Solar energy is worth the most, at $0.15 per kWh. Wind energy is worth $0.12 per kWh. And other renewable energy sources, such as biomass, are worth $0.10 per kWh.
The value of the credits may change over time, but right now, that’s how much Detroit Edison is paying for renewable energy. So, if you’re thinking about installing solar panels or a wind turbine, you can expect to save money on your Detroit Edison bill.
Other related questions:
Q: Can you sell electricity back to the grid in Michigan?
A: Yes, you can sell electricity back to the grid in Michigan.
Q: What percent of DTE power is renewable?
A: As of 2019, DTE Energy’s electric portfolio is about 26% renewable.
Q: How much does Consumers Energy pay for solar?
A: There is no simple answer to this question since the amount that Consumers Energy pays for solar varies depending on a number of factors, including the specific solar project, the location of the project, and the current market conditions. However, as a general rule, Consumers Energy typically pays around $0.15 per kilowatt-hour (kWh) for solar power, which is about three times the current retail electricity rate in Michigan.