Renewables also lower the price of
power during the middle of the day by significant amounts — but increase household bills via the EEG surcharge, the group said.
This means that if you generate more solar
power during the middle of the day than what your house needs, and thus export surplus power to the grid, the utility is required to give you the full retail value of that excess power.
Solar by its nature generates most
power during the middle of the day when most people are at work or school and little power is being used in the home.
Because solar systems generate most
power during the middle of the day, and most households use most of their power in the evening, net metering is a key reason why installing solar panels on your home in Denver can have a short payback period and offer excellent long term returns.
Not exact matches
The reason for net metering being such a valuable incentive is that most people are out
of the house
during the
middle of the
day when their solar is producing the most
power.
What this means is that in periods (usually
during the
middle of the
day) when your solar system is producing more
power than your home is using, you are credited for the excess solar energy you feed back into the grid at the full retail rate
of power.