Is Net Metering Beneficial for Small Businesses?

The Benefits of Net Metering for Small Businesses

Net metering is a policy that allows small businesses to generate their own renewable energy, such as solar power, and sell any excess back to the grid. This can be a significant benefit for small businesses, as it can reduce their electricity bills and increase their energy independence. For example, a small business with a 10 kW solar array can generate enough energy to power their operations and sell any excess back to the grid, earning a credit of $0.15 per kWh.

Calculating the Savings with Net Metering

To calculate the potential savings with net metering, small businesses need to consider their current electricity bills and the amount of renewable energy they can generate. For example, if a small business uses 10,000 kWh per month and pays $0.15 per kWh, their monthly electricity bill is $1,500. If they install a 10 kW solar array and generate 10,000 kWh per month, they can sell any excess back to the grid and earn a credit of $1,500. This can result in significant savings, as well as a reduced carbon footprint and increased energy independence.

Implementing a Solar Grid Tie System

Implementing a solar grid tie system can be a complex process that requires careful planning and installation. Small businesses should work with a certified solar installer to ensure that their system is designed and installed correctly. A typical solar grid tie system consists of solar panels, an inverter, and a net meter, which tracks the amount of energy generated and sold back to the grid. With a properly designed and installed system, small businesses can take advantage of net metering and enjoy significant savings on their electricity bills.