Yes. Even if the total contributing dollar value exceeds 100% of the actual product cost, the full amount calculated contributes to credit compliance. For example, if you purchase apples that come from a farm within 100 miles and are also USDA Organic certified, the purchase would contribute 200% of the actual cost of the apples.
Note that electric-powered equipment that meets both the EPEAT Silver and the ENERGY STAR criteria is only eligible to contribute 100% of the actual cost. This is because EPEAT takes ENERGY STAR’s metrics into account, and so double counting is not permitted in this case.