Solar Guide for Green Mountain Energy Company Customers

If you're a Green Mountain Energy Company customer considering solar energy, you're making a smart financial decision. With residential electricity rates averaging 17.52 cents per kWh, solar panels can dramatically reduce or even eliminate your monthly electric bill. The typical Green Mountain Energy Company customer spends approximately $140 per month on electricity — money that could be working for you instead of going to the utility.

Texas service area

Green Mountain Energy Company has a not available net metering policy. While net metering isn't currently offered, solar customers still save substantially by reducing the amount of electricity they purchase from the grid. By consuming your solar energy directly as it's produced and potentially adding battery storage, you can minimize your reliance on grid electricity at 17.52¢/kWh.

An 8kW solar system for a Green Mountain Energy Company customer costs approximately $20,960 before the 30% federal Investment Tax Credit. After the ITC, your net cost drops to about $14,672. This system produces enough clean energy to save you approximately $2,392 per year, resulting in a payback period of roughly 5.9 years.

After your system pays for itself, you'll enjoy 16+ years of dramatically reduced electricity costs. Over a 25-year period, total savings for Green Mountain Energy Company customers are estimated at $59,800 — and that's without accounting for the likely 2-3% annual increase in electricity rates that would make your savings even greater.