Within the proposal, there is a slide titled Solar Power which different rate options that a partner can select that best fits the lead's solar system: /span>
True Net Metering:
The solar power you produce will charge your battery. Any additional power produced will be purchased 1:1 from your utility and credited to your account.
Reduced Buyback:
The solar power you produce will charge your battery. Any additional power you don't use will be purchased from your utility at a reduced rate and credited to your account.
No Net Metering:
The solar power you produce will charge your battery. Any additional power will be sent to the utility but you will not receive any credits or money for that power.
Time of Use:
The solar power you produce will charge your battery. Any additional power will be sent to the utility and you'll receive credits. When your energy is most expensive, typically starting in the late afternoon, you will use energy from your battery rather than the utility.
A rep can speak with their company admin to decide which option is best if they are unsure and if it is an admin chatting in then explain the options and then let them decide what they believe to be best.
Related information:
NEM 3.0: NEM 3.0 features a 75% reduction in export rates (the value of excess electricity pushed onto the grid by solar systems), thereby reducing the overall savings and increasing the payback period of home solar.
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