Net metering is a policy whereby the utility compensates homeowners for the excess power they produce at the same rate the customer pays for the power they purchase from the grid.
Getting paid to sign up solar panels customers.
The contract in a solar lease stipulates that your solar provider fund the financing permitting and installation of a home solar system for little or not cost.
Most states have adopted net metering laws as a requirement for electric utilities operating in the state.
You pay a flat monthly fee and get to use 100 of your system s production.
You have probably seen advertisements that say free solar panels or pay 0 for solar panels and installation.
Households that choose to rent solar equipment have two primary choices.
Going solar is a major step towards a more sustainable energy source and monthly utility savings.
Solar lease billing and power purchase agreements ppa.
Residential customers get 30 off their monthly power bill for participating.
With net metering you are also able to get credits per kwh of electricity your solar panels produce.
Your solar system will pay itself off in typically 5 7 years.
After the system is paid off it generates electricity for free.
Utilities companies may also voluntarily offer a feed in tariff just like the one offered by dominion virginia power as reported at www eia gov.
Will i get paid if my solar system produces excess energy.
If you are one of the skeptics out there who thinks this sounds like a scam this article may help you to understand what customers are actually getting when they sign up for no cost solar panels and installation.
As is the case with most utilities around america duke energy florida no longer offers up front cash incentives paid by the utility to encourage their customers to install solar panels.
There are some upfront incentives available for customers on low incomes and some available for new home construction.
Solar produces energy at a fixed cost while pg e increases their prices every year.
There may be some upfront incentives available for customers on low incomes or other specific circumstances but none for general residential customers.
Aps says the program gives limited income customers access to rooftop solar panels which are installed at no cost to them.
After that you are producing free electricity.
That free electricity adds up over time.
Power purchasing agreements solar ppas are similar except instead of renting the equipment for a set fee each month you buy power from the installer at a flat rate per kwh.
As is the case with most utilities around america tampa electric no longer offers up front cash incentives paid by the utility to encourage their customers to install solar panels.