Electric Company Pays You For Solar Power

Solar panel users to be paid for excess power but will need to wait this article is more than 1 year old people who install solar from april will have to give away surplus until scheme launches.

Electric company pays you for solar power.

Here s how you can sell electricity back to the grid. In the face of these facts the answer is to be smart. You can sell your solar power back to a utility company. In certain circumstances an electric company pays for solar energy if their customer uses less energy than they generate from their solar system.

Without net metering different utility companies can charge different rates you could end up paying a lot more for basic electrical service after installing solar panels which means some of the savings from solar are wiped out. That s right for savvy consumers solar energy can both save and earn all at the same time. As a prospective solar citizen which electric company. The florida power and light net metering rate is currently around 10 5 cents per kwh.

Over 40 states allow for some kind of net metering. Eventually your system may produce enough power that the utility company will owe you money instead of the other way around. Houston and dallas not austin and san antonio the different plans from energy providers charging different rates with unique buyback plans can be confusing. Florida power and light pay you the retail rate for excess solar power that you export into the grid less the value of certain public programs which are each only a fraction of a cent per kwh.

But for texans who can choose their electric provider e g. With solar panels becoming more affordable to consumers you may be considering equipping your home with solar power. If you use gas your solar panels won t cover the gas portion of your utility usage so you ll still need to pay for that as usual. Electric companies determine how much power a customer has used over the course of a year.

Check with your state and utility company.