Commercial electricity users in Massachusetts are constantly looking for savings, especially during these extraordinary times. The simplest method to achieve savings may be to receive net metering credits from a Solar Net Metering Project.
What is a Solar Net Metering Project? A Solar Net Metering Project is a solar installation in one location, that allocates net metering credits – energy value in the form of a bill credit – to one or multiple electricity accounts located elsewhere. An important note, the solar project and recipient electricity accounts must be in the same service area of the same electric utility.
In return for net metering credits, that offset some or all of their electric bill dollar for dollar, customers of a Solar Net Metering Project typically pay a discounted price for the net metering credits they receive. For a commercial energy user receiving net metering credits from a community-scale Solar Net Metering Project savings typically equal thousands of dollars a year – just for signing a contract. No capital investment, solar panels or maintenance required. Over the term of the agreement savings can well exceed tens of thousands of dollars.
Here are two basic examples, one where a solar project site generates electricity far in excess of what that site could use in a month. It designates to the utility to send that excess value (the net metering credits) to the electric account of a building on a separate property in the same utility territory. The credits arrive on the other building’s electric bill and offset what that building would have normally had to pay that month.
Another example is where the solar array allocates net metering credits to multiple accounts monthly.
Savvy energy purchasers and budget-conscious energy users across Massachusetts are benefiting from these power purchase arrangements and more stand to benefit as well. Typical customers of Solar Net Metering Projects in Massachusetts include schools, municipalities, manufacturers, and non-profits. These agreements help facilitate renewable energy in Massachusetts as well, helping to ensure the Commonwealth’s energy is from locally generated clean energy.
Are you a commercial electricity user in Massachusetts interested in learning how to save? Contact us at 508-538-4Sun or contact us through our the website here: www.suntilityelectric.com/contact-us-today-for-a-free-consultation-or-for-more-info/
Suntility is your trusted partner in success. Suntility provides renewable energy maintenance services, utility credit services, owner’s agent services and consulting solutions to optimize facility reliability, performance and value.