We would need a federal mandate to get there, and I don't see it happening.
We would need a federal mandate to get there, and I don't see it happening.
Is that true? If so, TIL...
What I didn't understand was that I ended up with an even better deal! I get back the excess kW/h on a 1:1 basis. This is much better "pricing" than I would have received if I had sold it for cash.
Granted this model only works if there's a part of the year when you produce more than you need and another part of the year where you produce less. Since we heat more or less exclusively with electric air source heat pumps, but need no heat or a/c during summer, this works extremely well for us.
If this were the case, why would solar panel owners not stop "selling" power to the grid at their expense when that happens? What incentive would ever exist to pay to put power on the grid?
Note that electricity generated will first be used by the consumer and only excess is sold to the grid.
Early adopters sometimes got long-term contracts with much more attractive feed-in tariffs, but that was back when people were installing fewer panels. Now those people usually have to decide between maintaining the great rate or upgrading their systems and having to create a new contract.