What Exactly Is Net Metering?
Net metering refers to a set of state rules that regulate how individuals connect their distributed power systems (solar, wind, etc) to the electricity grid, and how utilities are required to deal with these customers. Once we install your system your new meter will keep track of the kilowatt hours of electricity you are producing.
Net metering allows you to produce more power than you need and send the excess back to the grid. Your utility meter will “spin” backwards, and the utility will credit your account for this production. In this way, your solar system produces excess power in the summer (or sunny weather), which you can use at night, on a cloudy day or in the winter when your system is less productive. The utility effectively acts as a bank for the power credits you produce. These credits remain usable for 12 months, allowing you to purchase a net metered PV system that will produce power to cover your annual electricity costs.
2017 Solar Adder- Currently, each kWh you produce is monetized at the retail rate you are paying for your electricity plus an additional $.04. So if you are paying $.148/kWh, you will be reimbursed at $.188 per kWh. Once you sign up for this, the $.04 rate is guaranteed for you for 10 years, after which it goes away. We believe that the $.04 “adder” will stay through next year, but it is really up to the electrical companies to set those reimbursements, so we can’t be sure.
Other Incentives – Read about some other benefits you can get from going solar here.