Solar 101
Net Metering
Going solar is a strategic move not only for sustainability but also for substantial savings on your energy bills. One key element of this savings puzzle is net metering.
When you install solar panels on your home, utility companies such as Pepco, BGE, or Dominion Energy will reward you with a dollar-for-dollar credit on your monthly bill for any surplus power your solar panels produce.
Solar Panel Owners earn credits from excess electricity
What is Net Metering and How Does It Work?
Net metering is a billing arrangement designed to benefit solar panel owners by crediting them for the excess electricity they contribute to the grid. Here’s how it works: When your solar panels generate more electricity than your household consumes, the surplus energy is sent back to the grid. In return, your utility company adds a dollar-for-dollar credit to your monthly bill.
During sunny months, you might overproduce, leading to a negative bill, while in the winter, when sunlight is scarce, you might draw electricity from the grid, resulting in a higher bill. Your utility company keeps a running total of your usage, ensuring transparency in your billing statements.
Government Incentives and Tax Credits
To further enhance the financial benefits of going solar, residents in Virginia, Maryland, and Washington, D.C. can take advantage of additional state-specific incentives and tax credits.
Virginia SREC
Virginia offers the Solar Renewable Energy Credit (SREC) program, allowing solar system owners to earn credits for the electricity their system generates. These credits can be sold, providing an additional revenue stream.
Maryland SREC
Maryland residents can benefit from the Renewable Portfolio Standard (RPS) solar carve-out, ensuring a certain percentage of the state’s energy comes from solar sources. By participating in this program, solar system owners can earn Solar Renewable Energy Credits (SRECs).
Washington, D.C. SREC
D.C. residents may be eligible for the Solar Advantage Plus Program, which provides financial incentives for solar projects. Additionally, the District offers property tax credits, reducing property taxes for homeowners who install solar energy systems.
Power Outages and Solar Systems
It’s essential to note that during a power outage, your solar system will automatically shut down. This safety measure is in place to protect utility workers who may be working to restore power.
With a net-capable meter, electricity flows bidirectionally between your home and the grid. Keeping your solar system on during an outage poses potential risks to utility workers. Our priority is your safety and the seamless integration of solar energy into your daily life.
Trust Uprise Solar, the DMV’s Netmetering Professionals
If you have questions or are eager to explore the benefits of net metering, don’t hesitate to reach out. Contact us or fill out our online form to get started on your solar journey with Uprise Solar in the District of Columbia, Maryland, or Virginia.
See How Much You Could Save
Begin your journey by entering your current energy bill, and unveil the potential savings waiting for you.
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