LD1
Epic Contributor
Yes I was sure. IF you are using your solar electric....their meter isnt spinning. Meaning for every kwh you make and use is saving one kwh at retail rate from them. (net metering).Are you sure about your scenario, if you solar is producing and your using it your grid meter would not be turning.
Yes the best way to use net metering solar is to use what you are producing or charging batteries during the day.
Mine is like $0.11 savings when using solar and $.04 when spinning meter backwards.
Look for other public monies that might be available in your county or state grants, my state grant saved me another 40%.
Cost of my system was 27K with 9K federal tax rebate and 11K IL Shines grant. My electric bill has been saving or is about $200 a month lower before solar install. My payback is at 3 years.
Dave
The problem I was eluding to was during the day when Im not using much electric and the panels are pumping a ton out....Im selling that electric for $0.05/kwh. Then come home at night when the sun is down and consume electric....spin their meter at the tune of $0.14/kwh. There is no meter to spin backwards. There is two meters....theirs and yours. IF yours spins, its putting back on the grid at the 5 cents. IF theirs spins you are buying it for 14 cents.
The only way to get a "net metering effect" is to use your electric BEFORE it goes to the grid...hence the time of day when you consume power became important.
Thats how it has always been with my power company. However...they seem to have made some changes (See my previous post) that they are doing a limited net metering now. So some phone calls to see if I am in an area that qualifies is in order. Because they ultimately have the right to refuse a gridtied system or net metering.