Solar Panels Net Metering Ontario

Net metering allows you to send excess electricity you generate from renewable resources to the distribution system for a credit toward your energy costs.

Solar panels net metering ontario.

The ontario net metering program is a great way of using a renewable green energy technology to generate your own electricity and and lock in your electricity price. Net metering allows you to send electricity generated from renewable energy technologies rets to hydro one s distribution system for a. To become a net metered customer and before you buy or install a renewable energy system you need to apply to connect your energy source to the electricity grid. Our net metering program is available to any hydro one customer who generates electricity primarily for their own use from a renewable energy source wind water solar radiation or agricultural biomass.

Without it you would need to install a solar battery to store your excess electricity which can run you thousands of. However it s important to note that net metering credits in ontario expire yearly. After your application s approved and once your renewable energy system is installed and connected to the. Net metering is an ontario energy program available to home and business owners who want to generate their own electricity with solar energy.

It allows for any size of system to be connected to the grid but utilities can request smaller sizer and credits can be carried forward month to month. In addition rates change throughout the day for many customers thanks to time of day pricing. Electricity consumers in ontario who produce some of their own power from a renewable resource may take advantage of the net metering initiative. Net metering also ensures that you get the most out of your solar panels.

When your utility offers net metering it allows you to use the grid as a virtual battery to store the economic value of your excess solar power. If you install solar panels for home in ontario you can participate in a net metering program. The program allows you to save money on your hydro expenses by offsetting your monthly hydro bill with grid credits. Net metering is a billing mechanism that pays solar energy system owners for the electricity they add to the grid.

Through net metering you can save money by generating power with renewable energy like wind or solar. Net metering is another type of renewable energy program in ontario which allows customers reduce their hydro bill by exporting generated electricity back to the utility grid for a credit. Most of the power produced by solar will be during mid peak to peak times so the value will range between 13 5 and 18 cents. In its simplest form a net metering customer will generate their own solar electricity during the day use what it needs to meet the requirements of the home or other type of building injects the rest into the electricity grid and consumes from the grid when the solar is.

For a quick calculation of the payback of your net metering solar panels system check out our solar net metering calculator.