What is Net Metering?
In general, Net Metering works like this: A home or business with a renewable energy generator, such as a Vertical Axis Wind Turbine (VAWT) produces electricity that offsets that which is supplied by the power company. The customer only pays the net difference recorded on their bill. If the customer has generated more electricity than has been supplied by the power company, the charge for that billing period will be zero. Any excess electricity will be carried over to the next billing period.
Once a year, on the customer’s electrical anniversary date, the power company will credit the customer for any excess power generated. A Net Metering Rate Schedule per kilowatt-hour will have been predetermined on the contract. At the discretion of the power company the credit will either be applied against future customer usage or a single payment made to the customer.
THE IMPORTANCE OF NET METERING
First of all, wind energy is variable and intermittent which means the customer may not make use of all the power being generated. Net metering eliminates the need for expensive battery storage systems while allowing full value for the electricity produced. This is attractive with regard to the rate of return on investment.
Secondly, net metering saves installation costs by avoiding the use of an additional energy meter.
Thirdly, the simple, inexpensive and easily-administered mechanism that net metering provides makes small and middle-size wind energy systems a viable green energy solution with significant local, national and global environmental and economic benefits.
IS NET METERING UNIVERSAL?
Zoning bylaws vary between jurisdictions and locales. We make it our job―before you commit to utilizing an Aquilo Vertical Wind Turbine for your home or business―to work with you to make sure all local requirements are satisfied. Check with us first to determine whether the option for wind energy and net metering exists in your area.
CAN I PREDICT MY PROFIT?
We can provide you with this information based on your current electrical bill. Completing our confidential form will allow us to calculate the rate of your return on investment.
