Net metering credits are an important source of value for solar projects in Massachusetts.
Commercial and utility-scale solar projects very often send net metering credits to be used on other accounts in a process called virtual net metering. Massachusetts is one of many states that allows virtual net metering. Virtual net metering is the ability for one site that generates excess electricity, to send that value, in the form of net metering credits realized on that account’s bill, to another account’s electric bill. These credits provide recipients with meaningful savings on their electric bills, and for the solar project sending them, a steady stream of revenue.
In one basic example, a solar farm 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 buildings electric bill and offset what that building would have normally had to pay that month.
Another example is where the array allocates net metering credits to multiple accounts monthly.
If you own a solar array, or receive net metering credits from a solar array, it is important that you have dedicated professionals ensuring both: 1) the proper amount of net metering credits is being generated; and 2) that the proper value of net metering credits is being received. Hundreds of thousands of dollars up to millions of dollars a year, in net metering credits can be generated by these solar projects. The larger the system, and the more accounts receiving credits, the more critical having a service such as Suntility’s Net Metering Credit Services becomes. Utility and customer mistakes are all too common and proper management and administration helps avoid losing significant value.
Suntility works with many of the largest solar installations in the state servicing hundreds of electric accounts that receive net metering credits. These clients include Fortune 200 energy companies, municipalities, commercial real estate owners, financial institutions and more.
Contact Suntility to learn how your solar project or net metering arrangement can benefit from our expertise in managing Massachusetts net metering credits. Call us at 508-538-4-Sun or contact us through our the website here: www.suntilityelectric.com/contact-us-today-for-a-free-consultation-or-for-more-info/