Earn Money with GVEC's Peak-Time Payback | Demand Response Program

Rewards by Bill-Credit:

• GVEC will give members a one-time $85 bill credit for signing up and another $30 for each year they’re enrolled through September 30 of that year. Please allow 6-8 weeks for the initial rebate to be applied as a credit on your GVEC electric bill.
• Members can receive Peak-Time Payback credits for all qualifying thermostats, including multiple enrolled thermostats at a single location.

Before:

• GVEC will predict a large rise in demand for electricity caused by extreme weather, then schedule a Peak-Time event.
• Enrolled members will receive a message on the thermostat and from their thermostat app detailing what time the upcoming event will start and end.
• GVEC will issue instructions to your thermostat, lowering the temperature to precool your home in the hours leading up to the event.

During:

• The temperature will be raised during the peak demand period, helping to lessen the amount of strain on the statewide electricity grid.
• The thermostat will not be adjusted more than two degrees Fahrenheit.
  Note: The member maintains the ability to manually adjust their thermostat at any time during the event.

After:

• When the Peak-Time event is over, the thermostat will return to its regular schedule.

Peak-Time Events

• Peak-Times typically happen on very hot summer days when most people’s air conditioning units are trying to keep their homes and businesses cool.
• Members can expect to see no more than 40 events from May-October, but this number will depend on overall weather patterns for the season. Members shouldn’t expect more than one Peak-Time event per day.

To enroll in the Peak-Time Payback program you must:

• Have central air conditioning that is controlled by an eligible programmable thermostat
• Be connected to the internet via ethernet or a robust Wi-Fi connection
• Register your device for the program
• Be a GVEC member
• Have a valid GVEC account that’s in good standing

The following battery models are eligible:

• Enphase IQ Battery 3
• Enphase IQ Battery 5
• Enphase IQ Battery 10
• Tesla Powerwall 2
• Tesla Powerwall 3

Note: Only battery devices that include a dedicated inverter are eligible for the rebate.

Kilowatts (kW) and kilowatt-hours (kWh) describe different aspects of electricity use and storage. A kilowatt (kW) is a measure of power, or the rate at which electricity can be delivered at a given moment. In solar and battery systems, kW typically refers to the output capacity of an inverter or the maximum amount of power the system can provide at once. A kilowatt-hour (kWh), on the other hand, is a measure of energy, representing the total amount of electricity available or consumed over time. In batteries, kWh defines the storage capacity, or how much electricity the battery can hold and supply before it needs to recharge. Put simply, kW tells you how fast electricity can flow, while kWh tells you how much electricity is stored or used in total. The reason GVEC’s battery program rebates are based on kW is because, in the energy industry, whether dealing with traditional thermal generation such as gas and coal or renewable technologies such as solar and battery storage, capacity is typically measured by instantaneous output rather than stored energy. GVEC’s Tesla program rebate is therefore designed to support the availability of capacity, rather than compensating for actual energy output or delivery.

Initial and Ongoing Rewards:

GVEC members can receive initial and ongoing Peak-Time Payback rebates for each Enphase IQ or Tesla Powerwall battery, so long as the battery device includes an inverter, including multiple batteries at a single location, up to a maximum of 23kW.

Rewards for members with an EXISTING battery:

Members with an EXISTING Enphase battery system, installed before July 1, 2024, OR an EXISTING Tesla Powerwall battery system, installed before January 1, 2025, will receive:

• Initial rebate: $75 per installed kilowatt of rated capacity
• Annual rebate: $75 per installed kilowatt of rated capacity, calculated as an annual amount, then prorated and applied as a monthly bill credit

Example: A typical setup, calculated on kW of continuous rated capacity.

One Enphase IQ 5P battery is rated at 3.84 kW
Initial rebate: $75 x 3.84 = $288 per battery x 3 batteries = $864
Annual rebate: $75 x 3.84 = $864 prorated in $72 monthly rebates

One Tesla Powerwall 3 is rated at 11.5 kW
Initial rebate: $75 x 11.5 = $862.50 per battery
Annual rebate: $75 x 11.5 = $862.50 prorated in $71.88 monthly rebates

Rewards for Members with a NEW Battery:

Members with a NEW Enphase battery system, installed after July 1, 2024, OR a NEW Tesla Powerwall battery system, installed after January 1, 2025, will receive:

• Initial rebate: $220 per installed kilowatt of rated capacity.
• Annual rebate: $75 per installed kilowatt of rated capacity, calculated as an annual amount, then prorated and applied as a monthly bill credit

Example: A Typical Setup, Calculated on kW of Continuous Rated Capacity:

One Enphase IQ 5P Battery (3 Batteries Total)
Rated Capacity: 3.84 kW per battery.
Initial rebate: $220 x 3.84 = $844.80 per battery x 3 batteries = $2,534.40.
Annual rebate: $75 x 3.84 = $288 per battery x 3 batteries = $864 annually.
Prorated monthly rebate: $72 per month.

One Tesla Powerwall 3
Rated Capacity: 11.5 kW.
Initial rebate: $220 x 11.5 = $2,530.
Annual rebate: $75 x 11.5 = $862.50 annually.
Prorated monthly rebate: $71.88 per month.

Note: The payment amounts are based on current wholesale market conditions and are subject to change without notice. Calculations are for informational purposes only and the actual bill credit amount is subject to verification through the automated enrollment process.

Exclusive Financing Options:

GVEC members can get 0%, On-Bill financing for 10 years with approved credit for the purchase and install of an eligible battery system. That equates to paying as little $36/month. Additional financing terms and conditions apply.

The battery system will automatically transfer the load in the home from the grid to the battery, helping to lessen the amount of strain on the statewide electricity grid. The battery system will discharge its full rated output (up to 70% of the battery capacity), first serving the load of the home and sending any additional energy to the grid. If the battery cannot serve the full load of the home, energy will be imported from the grid. The comfort level and functionality of the home should remain the same.

Tesla

• GVEC may schedule manual Peak-Time events (mainly May–September) to help reduce seasonal demand. The rest of the year, automated events respond to market conditions through energy arbitrage and dispatchable generation (ADER).
• Members can opt out of manual Peak-Time events anytime before or during the event in the Tesla app. Go to Virtual Power Plant → Scheduled Event or Active Event → Opt Out for this Event. 
• Locked Settings include:
  
  • Enable Exports to the Grid
  • Allow Grid Charging
  • Operational Mode set to Time-Based Control
  • Normal Backup Reserve set at 30%

Enphase

• GVEC may schedule manual Peak-Time events throughout the year to help reduce seasonal demand and in response to market conditions through energy arbitrage.
• The member may not opt out of a single event. See Terms & Conditions.
• When the Peak-Time event is over, the battery status will return to its regular settings.

• To enroll in the Peak-Time Payback program you must:

  • Be connected to the internet via ethernet or a robust Wi-Fi connection
  • Register your device for the program
  • Be a GVEC member with a BESS located within GVEC’s service territory
  • Have a valid GVEC account that’s in good standing
  • Have a valid Interconnection Agreement in place with GVEC
  • Own the property on which the eligible BESS is located
  • Agree to both GVEC's and the specific battery's Terms and Conditions

  To be eligible for the rebate, each battery device must include a dedicated inverter (for example, a system with three Tesla Powerwalls must have three inverters)

For more information please complete the form below.