A Short But Free Online Course In Solar Net Metering.
Installing a home solar power system is a big decision for most consumer and one that must not be taken lightly. Finding the right company to work with and a design that gives you the amount of solar electricity that you expect is important to the success of your project.
The financial aspect of a home solar project is one of the most important factors in determining if you as a home owner can afford to go forward with the project. The price for the solar power hardware and installation drive the required capital but the efficiency of the solar panels and the price for grid provided electricity determine how long it will take for the home owner to see a 100% payback for their investment.
There is one other consideration that can greatly impact the payback period for the home owner and that is the net metering agreement with the electric utility. Most of the solar electricity generated by a home solar pv system comes during the day. What this means is that if your family is away at school and work during the week, during the day, you will have very little need for the solar power generated. If you are retired or work from home you can use more of it of course and so net metering may not be as important to you.
Net metering allows the home owner to sell back to the grid excess solar generated electricity made during day at one price and for the home owner to buy electricity from the grid at night. In many cases the price to sell is greater than the price to buy since utilities put a premium on renewable generation. The home owner can greatly offset the cost of their system spread over many years effectively lowering the payback of the system.
In the US there are currently 44 states that allow net metering but it is up to the utility if they want to offer it and at what prive they will by it from you.
Interesting as states and countries resist the move to net metering, researchers have more incentive to develop home energy storage options which means that a home solar power system can store the excess energy made during the day and make it available at night. This effectively removes the need for the electric utility all together.
It seems like utilities should be trying to make their net metering programs as attractive as possible right? We will see what really happend in the next 2 to 3 years.
A Short But Free Online Course In Net Metering.
Take a look at this short video explanation which is really a short but free online course, of the challenges ahead for net metering in the US and you will start to understand the important of net metering.
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