Programs and Rebates
To offset the cost of providing electric service to rural areas in Monroe, Randolph and St. Clair counties, MCEC offers cost-saving alternatives to its members. Monroe County Electric Co-Operative has one of the state’s most comprehensive energy marketing programs.
Capital Credits
As a nonprofit corporation, MCEC sells no stock, declares no dividends, and all excess revenue over expenses (net margins) are returned to the members of the cooperative. This is called Capital Credits. Each year, this net margin – or Capital Credit – is credited to the capital account of each member in proportion to the amount of electric power purchased at such times as the financial condition of MCEC permits. As of December 31, 2018, MCEC has returned a total of $6,384,517 to our members.
Rebates
Geothermal Rebate
MCEC will rebate $1000 to members who install a geothermal system (minimum of 3-tons) as long as the member has an electric water heater installed (50 gallon minimum) on that premises. The member will also submit a copy of their invoice to our office for their geothermal system and be subject to a site visit for verification from the member services department.
Heat Pump Rebate
MCEC will rebate $500 to members who install a heat pump (minimum of 3-tons and SEER rating of 15) as long as the member has an electric water heater installed (50 gallon minimum) on that premises. The member will also submit a copy of their invoice to our office for their heat pump system and be subject to a site visit for verification from the member services department.
Electric Water Heater Rebate
A member who replaces an existing gas water heater in their home with an electric water heater, 50 gallon in size or larger, can qualify for a $100 rebate.
Electric Heat Rate
A very attractive rate is available to households utilizing electric heat.
Winter
September 1 – June 1
Facilities Charge:
$45
Energy Charge:
First 800 KWH @ 11.45 cents
Next 3200 KWH @ 8.65 cents
Over 4000 KWH @ 11.45 cents
Summer
June 1 – September 1
Facilities Charge:
$45
Energy Charge:
All KWH @ 11.45 cents
Water Heater Promotion
The cooperative sells Marathon water heaters, which feature a lifetime warranty on the tank and a 6 year warranty on parts and labor. Two sizes are available:
- 50 gallon – call office for pricing (939-7171)
- 85 gallon – call office for pricing (939-7171)
Stand-By Generator
Monroe County Electric promotes the Briggs & Stratton Home Generator System line of standby and emergency generators. Briggs & Stratton is one of the leading and most well known names in small engines. Residential generators are available from 8 kW to 20 kW and higher, and can be operated on natural gas or propane.
These units are available with transfer switches that automatically start the unit and transfer to standby power in the event of a power outage. When utility service is restored, the transfer switch switches back to utility power and shuts down the generator.
The Briggs & Stratton product line was chosen for its long history in the small engine business and its commitment to a quality line of products at reasonable prices. By choosing Briggs & Stratton, we have a product that has proven reliability and a manufacturer that will be around for a long time to come.
Not sure what size you need? To help with generator sizing and installation costs, contact Matt Cowell at MC Electric. Their phone number is 282-7788. As long as you are a MCEC member, and this installation will be for a MCEC service, we will work with Matt in helping you fill your generator needs.