![]() In some areas of the country, the credits you receive depend on the time of day you send solar electricity to the grid (like California's net metering 2.0).Įven if you generate enough solar electricity to meet 100 percent of your needs, you can still end up owing money to your utility company if you're receiving net metering credits that are lower than the rates you're paying when you draw electricity from the grid. Some states and their utilities offer customers full credits, while others credit solar customers at a reduced rate. However, it's more complicated than determining whether net metering is available in your area, as states offering net metering can have varying compensation structures. That said, most states currently have active net metering incentives, requiring any investor-owned utility companies (IOU) to offer credit to customers sending excess electricity to the grid. Therefore, utility companies don't need to compensate their customers for solar electricity sent to the grid. Importantly, not every state requires utilities to provide net metering to their solar customers: states like Alabama, Tennessee, and South Dakota do not have net metering mandates. ![]() Net metering policies vary by state and utility company. You can "bank" these credits and then use them at times when your solar panel system isn't producing enough (or any) electricity. With net metering, if your solar panels produce more electricity than you're using, that electricity is sent to the grid in exchange for a credit. Net metering is a solar incentive that compensates you for excess solar electricity generation. Alternatively, if your solar panels produce more electricity than you use in a given month, you may see a credit on your electricity bill, depending on your utility company's net metering policy. If you're using more electricity than your solar panel system generates, your utility company charges you for the extra electricity you draw from the grid. One of the biggest drivers of your monthly bill amount after going solar is how much electricity your solar panel system generates and whether that generation meets your consumption. Property owners with grid-tied solar panel systems still receive electricity bills from their utility company, but charges on these electric bills vary widely from one property to the next depending on a few factors: Solar electricity production
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |