The best and most predictable NEM policy is full-retail net metering because it does not fluctuate based on Time-of-Use rates or other outside factors. But if it is bought during off-peak hours, you will get less money. So if your electricity is bought during peak hours, you will get more money. Electricity is more expensive during peak hours and with net metering, your excess energy will be bought at the Time-of-Use rate. Time-of-Use rates vary based on energy demand. With avoided cost net metering, utilities pay you back at the price the utility saved by not having to provide you with electricity, which is lower than the retail rate. This rate, the full retail rate, is the amount your non-solar neighbor pays per kilowatt hour (kWh) for their electricity. Utilities value excess energy at the full retail rate of electricity, meaning if you have extra energy to sell back to the grid, you will be paid the full cost of the electricity. The most prominent net metering options are as follows: 1. The purpose of net metering (NEM) is to offer a monetary incentive for homeowners to install solar panels that also acts as a way for utilities to gain access to extra power when they need it.Įach state, and sometimes specific utility companies, offer different net metering options that range - some offer bare-bones savings while others can help you earn money each month. What are the different types of net metering?
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