At GVEC, we believe your energy investments should work harder for you. That’s why we offer the Peak-Time Payback (PTP) program, an exciting opportunity for members who own an Enphase IQ or Tesla Powerwall battery system. With PTP, you can earn valuable rebates simply by allowing your battery to help support the electric grid during periods of high demand.
What is Peak-Time Payback?
Peak-Time Payback is a demand response program that helps reduce strain on the Texas electric grid during times of high electricity usage—typically in the evenings when people return home and energy demand spikes. When you enroll your Enphase or Tesla battery system, it will automatically discharge during peak events to support your home’s needs and send excess energy back to the grid.
By participating, you’re not only enhancing grid stability and helping lower overall energy costs for all GVEC members, but you’re also earning rebates and rewards along the way!
Big Benefits for Battery Owners
Here’s what you can expect when you enroll:
- Initial Rebate:
Earn an initial $220 per kilowatt (kW) of rated battery capacity after installing and enrolling your Tesla Powerwall or Enphase system. - Annual Rebates:
Receive $75 per kW of rated battery capacity annually, calculated and paid monthly. - Exclusive Financing:
Take advantage of 0% on-bill financing options for 10 years, making energy independence even more affordable.
For example, a Tesla Powerwall 3 with 11.5 kW of continuous capacity could qualify for an initial rebate of $2,530 and earn approximately $862.50 in annual rebates!
Trust GVEC’s Solar and Battery Experts
Deciding whether battery storage is right for your home is an important choice—and you don’t have to make it alone. GVEC’s local solar and battery experts proudly sell and install Tesla Powerwall and Enphase IQ. These cutting-edge systems are designed to optimize your energy savings, provide reliable backup power, and maximize the benefits of solar panel installations—or even stand-alone without solar to provide essential backup power during outages.
Battery storage systems allow you to store energy for use anytime you need it, whether it’s at night, during a power outage, or when renewable sources aren’t producing energy. And with GVEC by your side, you’ll get professional guidance to help determine if battery storage and enrollment in PTP are the right moves for your home and energy goals.
Why Participate?
- Save Money: Reduce your electricity costs with valuable bill credits or rebate checks.
- Boost Reliability: Keep your home powered even when the grid is strained or during unexpected outages.
- Support the Grid: Help stabilize the Texas electric grid and contribute to more efficient, cost-effective energy for everyone.
- Maximize Your Investment: Make the most of your Tesla Powerwall or Enphase IQ system while adding new financial benefits year after year.
Start Earning Today!
Participating in Peak-Time Payback is simple, and GVEC makes the process easy from start to finish. Whether you’re installing a new system or already own an eligible battery, we’re here to help you take full advantage of this rewarding opportunity.
Ready to make your energy work for you? Visit www.gvec.org/peak-time-payback or call 800.223.4832 to learn more and enroll today!
