PaCE funding comes from the customers of participating utilities who voluntarily choose to support the program through an additional charge on their monthly utility bills. Of the $4, $3.50 goes to the generators and 50 cents goes to PaCE for marketing the program. The utilities collect these customer contributions and remit the funds to PaCE, a non-profit corporation, to administer the program.
All PaCE approvals of renewable generator applications, and premium payments, are subject to sufficient funding. This program is modeled on a similar program -- NC GreenPower -- in neighboring North Carolina.
* Contact the South Carolina Energy Office or a participating utility to determine the current types of generators supported by this program. Payments provided through power purchase agreements to renewable generators depend on the time of day and season; in general, they are highest at peak hours during the summer months. These rate payments vary by utility, as do the associated administrative fees and/or other charges imposed.