Why should you invest in solar? One of the important factors in understanding the benefits of solar energy for your Fort Collins home is Fort Collins net metering. So what exactly is net metering, and how does it work with solar? In this blog, we will answer these questions and show you how you can benefit from Fort Collins net metering when you go solar!
What is Net Metering?
Net metering is a great financial incentive if you are considering going solar. The electricity created by your solar panels is used first, before your home pulls any energy from the grid. If you generate more electricity than you use, the excess is returned to the grid and you get paid credits. The excess energy runs your meter backward! Then you are only billed for the difference between the energy you create and the energy you have used.
For example, if you are not home during the day, your solar panels are producing energy that you’re not using. Therefore, that energy will go back to the grid, and you will receive credits. These credits can then be applied to future electricity you pull from the grid.
Pro Tip: If you want to save even more or Get Rid of your Utility Expenses all together check out this blog!
Fort Collins Net Metering and Solar
Fort Collins Utilities pays for the energy you create that is returned to the grid. These are called net metering credits that will be applied to your monthly utility bill. Your energy credits are allowed to offset other charges on your monthly utility bill (including water, stormwater, and wastewater). Any accumulated bill credits can roll forward to the next month. Solar customers receive credits for solar energy returned to the grid based on the Fort Collins’ Time-of-Day off-peak and on-peak hours. Time-of-Day pricing means you pay different rates of energy depending on what time of day you use that energy. Instead of paying the same amount of money for all of the energy that you use. You can see a breakdown here of how to understand your net metering bill with solar.
If you want to take your savings a step further, you can couple your solar array with a battery storage system. Storing energy in your home battery storage system will give you complete independence from the grid.
If you are looking to take advantage of Fort Collins net metering, contact Sandbox Solar! We can walk you through the benefits of installing solar on your home and how much money you will actually save. You can also get a free estimate for how much your solar panels will cost you here. Join the movement to help Colorado increase renewable energy generation!