Commercial Solar Panel Net Metering

Or the first date upon which the cumulative generating capacity of net metering systems equals 4 percent of the utility s peak demand during 1996.

Commercial solar panel net metering.

Net metering also known as net energy metering or nem is a solar incentive that allows you to store energy in the electric grid. Many states have passed net metering laws. While it is possible to install an off grid solar panel. Many states have enacted distributed solar caps and once a cap is hit net metering is no longer available for new solar customers.

When your utility offers net metering it allows you to use the grid as a virtual battery to store the economic value of your excess solar power. In summary an electric utility must offer to continue to make net metering available to eligible customer generators on a first come first served basis until the earlier of either june 30 2029. In broad terms net metering is an agreement with the utility company that allows you to get credit for solar energy sent into the grid. When your solar panels generate more electricity than you are using the excess kilowatt hours kwh are exported to the grid.

Despite the fact that the mechanism is not established at federal level over 38 states have mandatory net metering rules. Solar thermal if using an ouc preferred contractor the customer installs a solar thermal. If you are a customer of a utility that offers net metering you will receive credits for this electricity that you can apply towards a future electric bill. Illinois hit its cap earlier this year starting a process to.

When your solar panels produce more electricity than you need that energy is sent to the grid in exchange for credits. The utility gives you a credit for the solar electricity you generate and you can use those credits at any time to draw power from the grid. The 2019 washington state legislature updated washington state s solar net metering statute via e2ssb 5223. Net metering also ensures that you get the most out of your solar panels.

Without it you would need to install a solar battery to store your excess electricity which can run you thousands of dollars. Net metering net metering allows residential and commercial customers who generate their own electricity from solar power to sell the electricity they aren t using back into the grid. In other states utilities may offer net metering programs voluntarily or as a result of regulatory decisions. Put simply net metering is a utility billing mechanism available in most states that offers a credit to residential and business customers who are making excess electricity with their solar panel systems and sending it back to the grid.

Any excess electricity that is generated by the solar system and not used by the customer is sent back to ouc s electric grid for which the customer will be credited at the full applicable standard retail rate this is also known as net metering. Otherwise your excess power would just get sent to the grid without you getting any value from it. How does net metering work.