Homeowners with solar panels are concerned a return on their investment will take longer. This comes as the practice of net metering is being phased out by power companies.
INDIANAPOLIS — If you are thinking of adding solar panels to your home to save money on your electric bill, the return on your investment may take longer.Net metering is when a homeowner with solar panels produces more power than they need, and they get a credit from the power company. However, net metering is slowly being phased out."During the day I get enough solar power to maintain my household and I actually have excess power,” Brown said.
"Folks that put up solar before July 1st of this year get to participate in the old program Net metering,” Ben Inskeep the Program Director for Citizens Action Coalition one of the organizations involved in the lawsuit said."Effective July 1st any new solar systems that are installed, this new policy is going to apply to them."
For homeowners like Brown, his solar installation cost around $35,000. While he doesn't regret installing solar panels, he hopes he can at least get a fair trade on his investment. The EDG statute adopted a wholesale rate plus a 25% premium for customers with their own generation, thereby reducing the costs incurred by all other customers to purchase energy for their use. CenterPoint Energy’s customers—not the utility—incur the higher cost for the energy purchased from rooftop solar customers. This result isn’t fair to customers who have not installed their own generation.
Norge Siste Nytt, Norge Overskrifter
Similar News:Du kan også lese nyheter som ligner på denne som vi har samlet inn fra andre nyhetskilder.
Blackout-causing solar flares could make their way to Earth, evidence showsA giant sunspot and filaments on the solar surface have astronomers worried about possible Earth-directed solar flares and coronal mass ejections (CMEs) that could lead to blackouts.
Les mer »
Solar Cars Compete in 2022 Formula Sun Grand PrixCollege Engineering Teams Compete In 2022's Formula Sun Grand Prix, Qualify For The American Solar Challenge!
Les mer »
Video reveals China’s first solar-powered car without a wheelA multi-organizational collaborative effort in China has led to the development of the country's first fully solar electric vehicle (SEV).
Les mer »
When did the Sun Blow Away the Solar Nebula?Studies of the solar nebula where our Sun and planets formed reveal that it didn't dissipate all at once. It went through a two-step process.
Les mer »
Indiana Gov't Stops Solar Net Metering, Costs Voters Thousands!Once again, Indiana State Government sides with rich companies and costs working families thousands of dollars!
Les mer »