29
Feb
2024

Power Your Savings with Solar Energy: Understanding Net Metering in Canada

February 29th, 2024 in Solar Power Economics
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Are you looking to take control of your energy usage while saving money on your electricity bills? With the rise of renewable energy solutions, it's now easier than ever to achieve these goals, especially with programs like net metering. Here at NetZero Solar, we're committed to helping you power your savings with solar energy by aligning you with programs that help!


What is Net Metering?


Net metering is a program designed for individuals and businesses who generate their own electricity using renewable sources such as solar, wind, or hydro. It allows you to seamlessly integrate your renewable energy system with the grid, providing you with both independence and flexibility in managing your energy needs.


How Does it Work?


The concept behind net metering is simple yet powerful. When your renewable energy system generates more electricity than you consume, the excess energy is fed back into the grid, effectively spinning your electricity meter backward. This surplus energy is then credited to your account, reducing your future electricity bills.


Conversely, during periods when your energy consumption exceeds what your renewable system produces, you draw electricity from the grid as usual. The net result is that you only pay for the "net" electricity you consume, hence the term "net metering."


Why Choose Net Metering?


There are several reasons to choose net metering for your home or business:


1. Financial Savings: By generating your own electricity, you can significantly reduce or even eliminate your electricity bills over time. With net metering, any excess energy you produce becomes a valuable credit towards future usage, maximizing your savings potential.


2. Environmental Benefits: By harnessing renewable energy sources like solar power, you're not only reducing your carbon footprint but also contributing to a cleaner, greener environment. Net metering empowers you to be part of the solution to combat climate change.


3. Energy Independence: With net metering, you have greater control over your energy destiny. By generating your own electricity onsite, you're less susceptible to fluctuations in energy prices and supply disruptions, providing greater stability and security for your home or business.


Eligibility and How to Apply


BC Hydro has a net metering program that is open to both residential and commercial customers in Canada who meet the following eligibility criteria:


- Ownership or lease of a renewable energy system connected to our distribution system

- Utilization of a clean or renewable resource as defined by the Clean Energy Act

- Aggregate nameplate capacity of up to 100 kW


At NetZero Solar, we believe that everyone should have access to affordable, sustainable energy solutions. With net meter programs, you can power your savings with solar energy while making a positive impact on the environment. Join the thousands of people who are already reaping the benefits of net metering and start your journey towards a brighter, cleaner future today!


Ready to learn more? Contact us to speak with one of our solar energy experts and discover how net metering can work for you. Together, let's harness the power of the sun to create a brighter tomorrow for generations to come.


Our Energy Choices Matter.


Learn More here:BC Hydro


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