my name is charles fox and i'm warren
miller and in this video we're going to
talk about
can you sell power that you produce from
solar
back to the utility and make money
we get asked this question a lot and
there's a misconception that
if i install solar the utility is going
to pay me a lot of money
the reality is the benefit from solar is
that you're going to reduce your
your electric bill and you're going to
save money that way
typically if you produce more power worn
than you use that over production is
going to be compensated to you in some
way
and typically most utilities either will
credit you that kilowatt hour
and some in some cases will actually pay
you for that over production
but typically that payment is not at the
retail rate it's at the whole
wholesale rate so over producing often
diminishes your return on investment
yeah that's a great point charles you
know in many states they have
a net metering and what that allows you
to do is when you produce a kilowatt
hour that you send to the grid
you can take that back for a one-to-one
exchange however if you do get as you
mentioned get paid back for that at the
end of the year
you're going to get paid at a much lower
rate there is a shift away from net
metering
we see that in new york with what they
call a value stack system
where they are giver they're assigning a
different value than just a one-to-one
ratio
uh in the way that they value a kilowatt
hour yeah so just to recap
if you're thinking about investing in
solar be for the primary purpose of
being able to sell electricity back to
the
utility company that's not really where
the savings are the true investment with
solar and the savings come from
the investment tax credit the reduction
of your electric bill
solar energy renewable credits where if
they're available to you
and then as icing on the cake you would
get any uh
you'd get paid back for any extra that
you sent to the utility yeah thank you
for watching this video and i hope you
found it helpful
you