Net Metering Solar Panels

This allows customers who produce their own energy from renewable sources to earn a credit on electric bills for the extra energy that flows back into our distribution system.

Net metering solar panels.

The net metering policy for washington state is designed to let customer generators offset their electricity consumption with solar energy production on an annual basis. If you install an energy storage system to take your home off the grid you won t have access to the benefits of net metering. If you use more energy than you produce during a given bill period then you pay pse for your net purchase plus the basic service charge. Net metering might be the ideal solution for you.

Today the solar industry employs more than 250 000 american workers in large part due to strong state net metering policies which have allowed the solar industry to thrive. Net metering updates may factor in such things as a more accurate valuation of the solar energy flowing into the distribution grid. Net metering is a solar incentive that requires your utility to purchase excess solar electricity that your solar panels produce at the full retail value of electricity. Offset your bill with renewable energy you produce through solar wind biomass and more.

It starts with a net metering billing arrangement. Net metering increases demand for solar energy which in turn creates jobs for the installers electricians and manufacturers who work in the solar supply chain. The most important feature of nem 2 0 to be preserved from nem 1 0 was the concept of net metering which allows solar customers to sell excess energy back to the grid at the retail rate. When a customer s solar panel system generates more energy than they use in a month the customer receives net metering credits which are accrued over a 12 month period.

This amount is then offset against their power bills leaving the customer to pay the net amount of power bills. In other words when your solar panels produce more electricity than your home needs that excess power will be sent to the power grid. Credits at a wholesale rather than retail rate. Our net metering program is available to any hydro one customer who generates electricity primarily for their own use from a renewable energy source wind water solar radiation or agricultural biomass.

In most cases staying connected to the electric grid is your best option while home solar battery systems can account for hour by hour variations in solar electricity. Rate structures that charge more for electricity at certain times of the day or night or look at where on the grid the excess electricity is being generated. Customers can request a refund in writing from the utility which will be valued at the rider re rate. Get complete details from duke energy.