Quote:
Originally Posted by itnetpro
The term used is Net Metering.
I have solar panels on my roof here in PA and the payoff was 7 years because our local utility pays the wholesale rate for any excess i generate back to the grid over and above what I use. If I generate more then I use its banked every month and they cut a check in May. On top of that they have these things called SRec's that are sold on a market once a year. My system designed to generate enough power for 12-14 of these per year. In the early days they could sell upwards of $300 each. Now they worth between $25-$50 per Srecs.
So far it seems Solar power is not restricted by the HOA there. So I guess my remaining questions.
Can we confirm that there is NetMetering in your area Meaning the utility will pay the excess generation back to the grid?
Is there only NetMetering for specific utilities?
Anyone on these forums living in a 3,500 Sq FT home with pool?
If so how much are you paying per month for your electricity and gas?
Regards,
John
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John. Look directly at me, right into my eyes, and answer my question. Are you in any way involved with the new community down the way?
Welcome to the forum. I have solar panels on my roof.