If your solar array produced enough electricity, your bill could theoretically reach zero because excess
solar electricity exported to the grid during the day could cover your power usage at night when solar is not producing.
Under existing VOS program designs, solar customers continue to purchase all of their electricity from the grid at the utility's retail rate and receive credit for
the solar electricity exported to the grid at the approved VOS rate.
Not exact matches
Another 3,563 homes added
solar in the south east corner in June, despite the fact that they would only get paid 8c / kWh for
electricity they
export back into the grid.
In Mississippi this winter, for instance, after the state Public Service Commission for the first time offered rules allowing net metering for
solar owners — that practice enables
solar owners to get a fair price for excess
electricity they
export to the grid — legislators introduced bills that would remove the PSC's right to regulate 70 percent of the state's
electricity service, including creating net metering rules.
Customer Grid Supply, is intended only for
solar PV installations that are designed to not
export any
electricity to the grid.
Solar owners would still pay the retail rate for consumed
electricity but would earn the value of the RET — yet to be determined — for their
exported power.
Distributed
solar owners, the CES reported, get the $ 0.18 / kWh retail rate compensation for
exported electricity and other incentives that can bring the total cost to «over $ 0.20 / kWh on a levelized basis over the life of the project.»
Dublin - based
solar power expert Warik Energy has advised anyone with a
solar PV array or wind turbine that they can make significant cash savings through the installation of a smart energy storage system, ensuring 100 % of the
electricity they produce is used on - site rather than
exported to the grid.
While
exporting electricity to the grid is no longer such a lucrative prospect, using
solar power to reduce one's own energy consumption still brings price savings.
When the
electricity generated by your
solar energy system is more than you use in your home, the energy gets
exported back to the grid and your utility buys the excess
electricity from you at a couple cents per kilowatt hour.
The
exported electricity matches the annual production of photovoltaic
solar energy or about two - thirds of the wind power production.
This firm's goal will be to craft a concrete plan and funding proposal to develop enough
solar thermal generating capacity in North Africa and the Middle East to
export electricity to Europe and to meet the needs of producer countries.
And
electricity retailers are also accused of picking up more profits from
exports of excess
electricity back to the grid from rooftop
solar systems — for which they pay 6c / kWh (and in some cases nothing at all) and then sell it to the houses in the same street for up to five times as much.
Whether Global Warming is real or not, it is clear that current Western attempts to reduce CO2 emissions have achieved nothing but 1)
Export their industry and jobs to India and China, 2) Increase the CO2 emissions there above what they were in Europe, Australia and North America, so that total emissions increase, and 3) Massively increase domestic
electricity prices while enriching Chinese
Solar Panel and Wind Turbine manufacturers.
So if you buy in 1000 kWh of
electricity over a month at times when your
solar is either not generating (night time), or not generating enough energy to cover all of your needs (say a cloudy day) but you
export 500 kWh of energy to the grid in the same month at other times when your
solar is producing more energy than your house is using, then you would be billed for only 500 kWh.
If in any given month your
solar system
exports to the Excel grid more
electricity than what your home drew from the grid Excel will pay you for this excess.
For example, climate scientists are least well - placed to make a judgement on the timing and quantum of CO2 emissions that are
exported from, say, Spain, as a result of higher
electricity prices there resulting from wind and
solar, and certainly very poorly placed to opine on the impact on global GHG emissions of cap - and - trade or any similar EU or even EU / USA - wide policy.
The other difference between the regions, relative to green power and economic development, is that it is extremely unlikely that investors would build a concentrated
solar power plant in Mexico to
export electricity to the USA.
Typically, around 50 % of home
solar electricity is used on site, whilst the rest is
exported back to the grid.
Engensa's first smart home energy product,
Solar24 automatically diverts excess
electricity produced by
solar panels to a customer's hot water tank rather than
exporting it to the grid.