There are many great benefits of going solar at your home or business. One of those benefits when you install a grid-tie solar panel system is participating in the net metering program with BC Hydro.
Net metering is an electricity generating option for residential and small commercial customers who wish to connect the solar array unit to the BC Hydro distribution system. When you install a solar system with Novo Solar, we will help you get up and running with this very simple process to connect your system to the grid.
As a BC Hydro net metering customer, when you generate more electricity than you use, you receive a credit to your account that is applied against your future electricity use.
At your anniversary date, if you have an excess generation credit remaining on your account, BC Hydro may make a one-time payout at the published rate of 9.99 cents per kWh.
BC Hydro provides a Rate Schedule for Net Metering Service. Click here to view the PDF.
You will need to:
This program is an excellent way to speed up your pay back schedule for your investment in solar.
Our next blog post will focus on the net metering payback on a typical BC family home.