Grid-Tie Solar is the way to go!
Net Metering means you’re connected to the grid just as you always have. The difference is you automatically feed the excess energy you produce into the grid and bank the kilowatt hours against the hours that you consume. Keep in mind that you will be producing solar energy out to the grid at prime time rates. So you will get credits at the prime time rate and you will consume power at night at the lower rate. This makes the credits build faster for more free electricity for you. If you produce as much energy as you used, your energy consumption would be zero!
There are No Batteries, Special Permits, 20 Year Contracts, or Government Programs to deal with!
- The cost of electricity has doubled in the past 10 years – Net Metering has become more attractive. If you are getting started now, you can amortize the cost of your system in eight to nine years. Remember, Net Metering is a savings not an income and you don’t pay taxes on saving money. The only tax you’ll pay is when you purchase your solar system.
- One common question that is asked all the time, can the solar system power my home if the hydro goes out? No it can’t! The system is tied to the grid and needs the grid to align itself to run safely together.
- If running your house when the grid is down is important! Let us know there are hybrid solar systems available.
What is Net Metering?
Net Metering allows you to send generated electricity from you to the electrical grid for a credit toward your future energy bill.
How does it work?
Your Utility will subtract the Value of Electricity you supplied to the Grid from the Value of what you used from the Grid. What you’ll see on your bill is the “Net” Difference between the Two Amounts.
How will my bill be calculated?
Your hydro company will continue to read your meter just as they do now. The bill you see will reflect the difference between the value of the energy you exported to the grid and the value of the energy you needed from the grid (house used).
If your bill is zero for the month, your bill will include a distributor’s fixed monthly customer charge. If you have more credits than you can apply to one bill you can carry the balance forward for up to 1 Year.
Who’s Eligible for Net Metering?
Net Metering is available to any Ontario customer who wants to generate electricity primarily for their own use from a renewable source (example: SOLAR). The maximum output up to 500kW in size.