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Georgia Power is also charging the homeowner tax on the solar energy that is sold back to GP. According to the Database of State Incentives for Renewable Energy, [8] Renewable energy is not taxable. Solar panels, Georgia Tech Aquatic Center. Georgia Power has a solar purchase program, SP-1, for up to 100 kW systems which pays 17¢/kWh.
Georgia Power has viable plans for future involving less fossils fuels and more renewables. But it'll cost ratepayers plenty. Georgia Power wants a rate increase.
The simple rate charges a specific dollar per kilowatt hour ($/kWh) consumed. The tiered rate is one of the more common residential rate programs. The tiered rate charges a higher rate as customer usage increases. TOU and demand rates are structured to help maintain and control a utility's peak demand. [6]
Ongoing hearings in Atlanta will determine whether the power company can raise rates by 12% over three years. Here’s what you need to know.
A fixed export compensation rate for exported energy over a 10-year period would also be imposed. The export rate would amount to $0.15/kWh for installations until the distributed power exceeded 7% of the utility's customer demand. Subsequently, the rate would fall to $0.13/kWh. [20]
The $1.8 billion rate hike – down from Georgia Power’s original request of $2.9 billion – will raise the average residential customer’s bill by $3.60 per month starting Jan. 1.