You know that solar in Long Island NY is affordable, but did you know that it can make you money? Depending on your usage patterns, you could start to build up a credit bank with PSEG Long Island NY.
Net metering with PSEG Long Island NY is a way to calculate your billing based on your consumption and the excess that you export to the grid. PSEG Long Island NY uses the excess to redistribute to other customers.
- When you use electricity from the grid (e.g., in the evenings) your meter will spin as normal.
- When you export electricity from solar panels to the grid, your meter will spin in reverse.
At the end of the billing period, if you have exported more than you consumed, PSEG Long Island NY will add this to your credit bank. If there is a charge on your next bill, PSEG Long Island NY will use your credit bank first.
This significantly offsets your bill with PSEG Long Island NY, even if you still use some of their electricity in the evenings when your solar panels shut down. With a large enough solar system and a battery backup, you could routinely export more than you take from the grid.
At the end of the billing year, PSEG Long Island NY will send you a check, paying you for any excess in your credit bank at a regulated market rate.