If you have renewable energy generation capability such as solar or wind, and are connected to the grid and net metered for electricity, are there any states that require the utility company to continue to pay you for the power you produce beyond what you use annually? I've heard that they wipe your slate clean each year in every state, and you loose any credits beyond what you have used. Is that true? And if so, can you point me to an official source to find out more? MANY THANKS!!
2007-02-09 04:59:08 · 2 answers · asked by thinkingabroad 1 in Environment
If you produce less power than you use, you get a credit. Potentially, if the credit becomes large enough they would write you a check. On the individual consumer level, it would be extremely rare for anyone to produce a surplus in any given month let alone turn a yearly profit. So, don't let the fear of "losing any credits" stop you.
If you go into large scale power production, you would have to go through the siting process and secure a buyer for your produced power.
2007-02-13 04:12:56 · answer #1 · answered by Paul K 6 · 0⤊ 0⤋
In British Columbia, Canada we a have a new net metering system that allows you to sell power for the same price you are sold the power ($0.078), up to the total amount of electricity you consume, totaled at each year end. For any excess you produce beyond that they pay $0.054. You can find the details by searching "BC Hydro" and "Net metering"
2007-02-16 10:21:57 · answer #2 · answered by oneirondreamer 3 · 0⤊ 0⤋