REC will be holding an additional stakeholder session on Nov. 4 from 9 a.m. to 11 a.m. This listening session will be focused on receiving stakeholder feedback on the model tariff to be presented to REC’s Board in December of this year. After registering, you will receive a confirmation email containing information about joining the meeting.

 

COMING SOON

REC will be the first electric cooperative in Virginia to offer an on-bill tariff program, which will allow residential members to finance energy-efficiency upgrades on their electric bill. REC expects to launch the program in early 2022. It does not require a member to take on personal debt. A member will receive recommendations of the most cost-effective upgrades to be paid for upfront by REC. REC intends to make sure that members do not pay more than they save annually. For many, this program will significantly lower their overall bill even during REC’s investment-recovery period.

How On-Bill Tariffs Work

Commonly called “on-bill financing” or “on-bill repayment,” this arrangement lets member-owners purchase energy-efficiency upgrades, appliances and other energy improvements through their electric bill. REC would make the initial investment in the upgrades, and that investment would then be repaid over time as part of the bill. Learn more about the Program Design and the new Virginia Law that makes this program possible: Va. Code Sec. 56-585.7

OBT

 

Frequently Asked Questions

Additional information will be available in the coming months. Please check back later.

The program could be available in early 2022.

There is not a deadline to provide suggestions for the program design. Please provide any comments in the online form or by emailing energyefficiency@myrec.coop.

REC will invite contractors to apply in the winter of 2021-2022. Prior to the opening of applications, REC will educate local weatherization and HVAC contractors through various marketing channels, webinars and presentations.

Stakeholder Sessions

REC hosted three stakeholder sessions in 2021. Speakers covered the On-Bill Tariff program design elements, consumer protections and vendor partners who will assist REC with the launch of the program.


Learn More

 

REC STORIES

As a democratically-controlled and member-owned cooperative, member-owner participation in REC affairs is valued and respected, and individuals should...
Each year, over 10,000 people attend the annual Bowling Green Harvest Festival.
Due to the generosity of over 30,000 REC member-owners, 22 local organizations were recently awarded grants totaling nearly $93,000.