Keep hearing about how net metering is great but don't totally understand how it works or how it makes it better to go solar. What is it?
answered 2015-04-02 23:59:07 -0500
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Net Metering guarantees that, if you have a solar system on your home or business, you will receive full retail value of the electricity you generate. Basically, for every kilowatt-hour (kWh) of solar electricity that your system produces, you save money on your power bill equivalent to whatever you pay for a kWh of electricity from your utility. You can read more about Net Metering here.
Net Metering is a production incentive - meaning that it rewards you for electricity that you generate. Most other incentives are designed to defray the cost of going solar in the first place. For example, the federal Investment Tax Credit (ITC) reduces your tax burden by 30% the amount of whatever you spend on a solar energy system.
There are various other incentives available through states and utilities across the country. Be sure to check what they are.
By the way: All incentives available in a given area are clearly detailed in all quotes in EnergySage's Solar Marketplace, which is a great place to shop for solar.
Asked: 2015-03-31 18:15:36 -0500
Seen: 173 times
Last updated: Apr 02 '15