No Energy Goes to Waste | No Need for Large Batteries | You Can Use Credits When Your Solar System Is Under-performing | Free Energy All-Year-Round
Net metering is a billing mechanism that utilizes a bi-directional meter. That meter records energy taken from the
grid and then deducts the energy supplied to the grid by solar energy. This allows home owners with solar to save
money on their monthly electric bills, and in some cases, they can even get a credit for excess power generated!
An efficient solar PV system could possibly power your home or business strictly through solar energy all year,
but it all depends on the energy generated compared to the energy used. It’s also true that the system can’t
harvest the same amount of energy each day as there are weather variables that will affect daily solar generation.
For instance, one day could be cloudy with rain while the next day could have sunny skies and no clouds at all –
in this case, the sunny day would obviously generate more energy than the rainy day.
So, can you make money with overproduction? That is a very hard question to answer as there are many
variables that figure into the correct answer. Most electric cooperatives do not currently have a buyback program,
so the excess power you generate from your solar PV system goes back into the grid. With most electric
cooperatives, they at least have net metering, which is a good thing as they will look at your usage versus your
consumption at the end of the month and you will only pay for the net difference of your total usage.
If you live in an area that was part of deregulation, this is a major benefit of going solar as you can get paid for
overproduction. That being said, if you are looking to move into the DFW area, do some research and find areas
that are in a deregulated area as your ROI will be greater in theses areas as you do have the ability to capitalize
Do you want to know if you currently live in a deregulated market? Simply get in touch with us and we will consult
with you and let you know what your best options are in regards to going solar. Hopefully you live in an area that
will allow you to capitalize on any excess energy your solar PV system creates.
Go Green – Save Green!