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

The following thermostat models are eligible:

• ecobee3
• ecobee3 lite
• ecobee4
• ecobee SmartThermostat (with voice control)
• ecobee SmartThermostat Enhanced
• ecobee SmartThermostat Premium
• Nest Thermostat E®
• Nest Learning Thermostat® (generations 1, 2, 3, and 4)
• Honeywell Home T9 and T10 Pro Smart Thermostat
• Honeywell Home T5+ and T6 Thermostat
• Amazon Smart Thermostat

The models listed are compatible with GVEC’s Peak-Time Payback program; however, not all thermostats may be compatible with every HVAC system. Be sure to check the manufacturer’s website or instructions for compatibility before purchasing a new thermostat, or ask our service experts. GVEC sells and installs Nest, ecobee, and Honeywell Home thermostats! Call 833.260.9029 with questions.

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.
• 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 June-September, 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

Initial and Ongoing Rewards:

• GVEC members can receive initial and ongoing Peak-Time Payback rebates for each Enphase IQ or Tesla Powerwall battery, including multiple batteries at a single location!

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 paid out monthly

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.
• Initial and annual rebates for new battery systems are paid by the member's choice of a bill credit, check, or applied toward a loan reduction. Terms & Conditions apply.

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 Terms & Conditions apply.

What is rated capacity?

Rated capacity is your "Available Power." You can find your Available Power on the Enphase mobile app or desktop site.

On the app, go to Menu, then System, Devices and Battery.

On the desktop site, click on the 3 dashes on the top right corner of the screen, then System, Devices and scroll to the Battery section.

Before:

• GVEC will predict a large rise in demand for electricity caused by extreme weather or seasonally strong demand on the ERCOT system, particularly in the summer months of June through September, then schedule a Peak-Time event.
• Enrolled members will see a status change in their battery app.

During:

• 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 at 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. No events will be scheduled during inclement weather, but just in case 30% of the battery capacity is at the ready.
• The member may not opt out of a single event. See Terms & Conditions

After:

• When the Peak-Time event is over, the battery status will return to its regular settings.

Peak-Time Events

• Peak-Times typically happen on very hot summer days or cold winter days when most people’s air conditioning/heating systems are keeping their homes and businesses cool or warm.
• The number of events will depend on overall weather patterns and demand year round. Events may be between 1 and 4 hours, with 4 hours being the maximum duration allowed. Depending on weather conditions, events can be scheduled for multiple days in a row. Members shouldn’t expect more than one Peak-Time event per day.

Note: GVEC will use its best efforts not to call a Peak-Time event knowingly during inclement weather when widespread outages may occur.

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

• Have an eligible battery with inverter
• 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
• Agree to both GVEC's and the specific battery's Terms and Conditions

For more information please complete the form below.