Cantor’s Corner: Net Energy Metering
Presented by Murray Lampert Design, Build, Remodel
by Gregg Cantor
Resident Expert, The Home Pro Show
President, Murray Lampert Design, Build, Remodel
We have had a lot of discussion on recent Approved Home Pro radio and TV shows about solar and net metering, so I wanted to break it down to basics.
What is Net Energy Metering?
Net Energy Metering is a program with the utility company that means when you over produce power from your solar system, the unused kilowatts are stored back in the grid, sort of like a bank account. In the winter months, when it’s cloudy and your system does not produce as much power, you get the credits back on a one-to-one basis for using energy from the grid. Annually, the amount of power your system over-produces is substantial and it offsets the overcast days.
What’s the Rush?
Our local power company is only required to offer a fixed number of net metering agreements under the current legislation, and we are approaching that cap. Most experts project that there are only enough agreements to cover new San Diego solar customers until the middle of 2016. If you get in on the current agreement, you will have those terms going forward, but if you wait for the next round, who knows what the terms will be.
If you have been considering solar, I encourage you to act now. The power companies are lobby in Sacramento and if they win, the return on investment may be significantly reduced. With the great financing available and quality systems, there is no better time to be your own power company and control energy costs with solar.
For more information or to schedule an energy audit with one of our solar pros, go here.