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homestead - Re: [Homestead] Nuclear energy in an oil-poor world

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  • From: Kathyann Natkie <knat AT sprintmail.com>
  • To: homestead AT lists.ibiblio.org
  • Subject: Re: [Homestead] Nuclear energy in an oil-poor world
  • Date: Thu, 02 Jun 2005 17:55:18 -0400

Wendy wrote:
Does your electric co. allow "net-metering"? (Net-metering is when you are charged the "net" total of power-used minus power-sent to the grid.)
We've been really happy with our net-meter set-up over the last 2 years. Utility companies have to accept it here now. Net-metering not as simple as you describe. When we produce the meter runs backwards, when not it runs forward. If we owe at the end of the month we pay the excess used (we have am/pm so we only buy at night rates unless cloudy.) Once a year they do a settle up. If we are ahead in production they buy out at wholesale (cheaper rate but since they buy daytime and we buy nighttime we both pay similarly.) Overall, the state rebated 75% of the cost of the system, we sold the "green credits" to a bundler for 20% of the cost. The remaining 5% is financed. With lowering our usage, we currently pay out 50-60% our old electricity costs for electricity above what we produce + payments on system. We get a service contract with the installment plan that includes annual check, replacements if needed, and removing/replacing panels once to allow us to reroof if necessary (for 20 years or til paid off.) And we're assured we are supporting solar production.

Kathyann




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