Net metering, or net energy metering, is a system used in many states in which residential and commercial customers can sell the electricity generated from their own solar power. The extra electricity produced from your own solar panels gets sent to the grid. Residential and commercial customers who go solar in Connecticut can benefit from net metering.
When your panels underproduce at certain times of the year and at nighttime, you’ll use credits from the grid for power. Local states, such as Connecticut and New Jersey, can earn credits from extra energy generated through their solar panels for their utility costs each month.
Under traditional net metering, solar customers are billed for their net consumption or the leftover energy not produced by their solar grid. Credits from excess generated energy can be applied to future bills. In states like New York, however, net metering is transitioning into a different form of compensation for customers.
The value of distributed energy resource (VDER) tariff or the Value Stack, is a similar system that considers multiple factors in the calculation of the value you’ll receive. These factors include the wholesale price of electricity in your location, the capacity at which you can collect energy, environmental benefits, demand, and congestion zones in your location. While many states have passed net metering laws, each has different regulations and policies. Therefore, compensation differs among each state.
Other than electricity credits, net metering provides many benefits. The system gives customers control over their electricity bills by allowing customers to generate their own electricity cleanly and efficiently. The peak of solar energy collections happens during the day while people are often at work. This incentive allows customers to collect energy for electricity used at night and mornings to reduce future utility bills.
Net metering creates economic benefits like jobs, income, and private investments. As the demand for solar energy increases, so do jobs for engineers, electricians, manufacturers, and installers. The solar industry employs hundreds of thousands of workers in the United States, partially due to net metering policies.
The demand for electricity can be managed through net metering by using extra energy to back up peak use. The reduction of strain on distribution systems can prevent loss of long-distance electricity transmission and distribution. With the use of net metering, local economies, individuals, and electricity systems thrive.
Connecticut residents can rely on us for the latest solar energy technologies. At DMV Equity, Inc., we know that green living is the only way to live, so we operate throughout several Connecticut Counties, including Fairfield, Litchfield, New Haven, Hartford, and Middlesex.
Solar customers in Connecticut can apply for electrical interconnection, which is an electrical grid that operates at a synchronized frequency electrically tied together at a regional scale or greater. Connecticut solar energy users who apply for electrical interconnection may be eligible for net metering.
We supply Connecticut large and small solar properties to residential and commercial customers. Whether you want greener alternatives for your home or business’s energy source, or you just want to save money on utilities, our solar energy solutions are perfect for you.
Contact us for more information about solar energy, energy management, and living more sustainably. We’re here to answer any questions or comments you have. Schedule a free consultation today!