Within the proposal, there may be a slide titled Solar Power, which may have different rate options that can be selected. These options are as follows:
True Net Metering:
The solar power produced will charge the battery (if applicable). Any additional power produced will be purchased 1:1 by the utility and credited to the homeowner's account.
Reduced Buyback:
The solar power produced will charge the battery (if applicable). Any additional power that is not used will be purchased by the utility at a reduced rate and credited to the homeowner's account.
No Net Metering:
The solar power produced will charge the battery (if applicable). Any additional power will be sent to the utility but there are no credits or money given for that power.
Time of Use:
The solar power produced will charge the battery (if applicable). Any additional power will be sent to the utility and the homeowner will receive credits. When energy is most expensive, typically starting in the late afternoon, the homeowner will use energy from their battery rather than the utility.
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.
Consult a company admin if it is unclear which is the best option in a given situation. Enerflo Support cannot make any recommendations.