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What does the term "Value of Solar" mean?

asked 2015-04-15 12:40:27 -0500

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updated 2015-04-24 06:57:54 -0500

energysage-1 gravatar image

I live in Austin, Texas and we just had our PV solar system installed (yay!) The installer said we would get paid for our power according to the value of solar, does anyone know what that is in Austin?

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answered 2015-04-17 13:32:40 -0500

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updated 2015-04-17 13:32:40 -0500

katherine gravatar image

That's a good question! While the Value of Solar (VOS) seems like a general statement about how good solar energy is it's actually a very specific type of rate setting policy. In Austin, TX the VOS for 2015 is 11.3 cents per kilowatt hour (kWh). It will appear as a credit on your monthly bill from Austin Energy. You can find out more about VOS on the EnergySage blog! -EnergySage

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answered 2015-04-24 09:02:35 -0500

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updated 2015-04-24 09:02:35 -0500

john gravatar image

Also worth mentioning that commercial property owners in Austin do not get VOST. Instead, they have the more common net-metering approach where they get a kWh for kWh credit against their bill for solar energy production. The VOST is clearly a great way to pass along more value to residential consumers, since they don't have the benefit of depreciating the value of the solar asset like for profit corporations do. In either case, solar is really attractive in Austin, TX!

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Asked: 2015-04-15 12:40:27 -0500

Seen: 196 times

Last updated: Apr 24 '15