How Can I Benefit from Net Metering in NY?
If you’ve followed the news or seen an advertisement about solar power in New York, you’ll know that savings are the primary reason to make the switch. Solar reduces your reliance on the grid, ensuring monthly savings on your utility bill. In New York, you can save even more with Net Metering.
How can I benefit from Net Metering in NY? If you’re wondering about this, then we have all the details to tell you how it works.
What is Net Metering for New York Solar Installations?
Solar generation is consistent throughout the year. Your panels will work year-round, but the output will change depending on how long the sun is out and how strong the light is when it reaches your panels. Notably, production in the winter is lower than during the summer.
Net Metering ensures flexibility so that the savings can be better balanced throughout the year.
When you get Net Metering for a New York solar installation, your home will be fitted with a special meter. This meter can spin both ways. It allows your utility company to track both your consumption and any electricity that you send back to the grid.
At times of the year when solar production is high, you will make more electricity in the day than you consume. This gets sent back to the grid, spinning your meter in reverse. It will then offset the electricity you use in the evenings when solar panels shut down. In the best months of the year, it’s fairly common to export more than is imported. The excess then gets added to the bill as a credit.
This credit carries over and will be paid out if you have a positive balance at the end of the year. It can also help to cover consumption during the months of the year when solar production is lower.
Net Metering ensures that you get paid fairly for the electricity that you generate and send back to the grid. It helps to balance out savings year-round.
So if you’re asking how can I benefit from Net Metering in NY, the answer should be quite clear. This program ensures that you can get maximum savings from your system.
Enjoy Significant Savings with Solar Power in New York
Net Metering helps you to save with solar. It’s a fundamental aspect of what makes solar so valuable to homeowners.
Essentially, you will save money by:
- Reducing your demand for electricity from the grid. Your bill will shrink when you have solar panels.
- Generating credits through net metering.
You can even save before you get solar installed. Tax benefits and incentives for solar can dramatically reduce your installation bill. The Federal tax credit is worth 30% of the cost of your system. There are state-level programs available depending on where you live.
Our team will help you to learn about the available credits and incentives, and we can factor these into our no-money-down solar financing program.
How can I benefit from Net Metering in NY? By saving money and balancing the benefits of solar throughout the year. To take advantage of the program, you’ll need to get started with your installation. Get a free solar estimate from New York Power Solutions and learn how much you could save with clean energy.