Deepening On Utility Service Provider 2 Out Of 10 Homes Can Use Net Metering On Your Street.
Net Metering
What Is Ontario’s Net Metering Program?
Ontario’s Net Metering Program is a progressive energy policy that allows residential, commercial, and industrial customers to generate their electricity through renewable energy systems, such as solar panels, wind turbines, or small hydroelectric generators. The defining feature of this program is the ability to connect these self-generated electricity sources to the grid and receive credits for any excess power generated. Learn more on the program itself here.
Solar To Grid
How Does Net Metering Work?
Generating Electricity: Participants in the program install renewable energy systems on their property to generate electricity. Solar panels, for instance, harness sunlight to produce electricity.
Consumption and Excess Generation
When these systems produce electricity, it is first used to power the property where they are installed. Any excess electricity generated beyond what is consumed at that moment is fed back into the grid.
Bi-Directional Metering
A bi-directional meter is installed, which tracks both electricity consumption from the grid and excess electricity fed back into the grid. This meter records the “net” electricity usage.
Billing and Credits
Participants are billed only for the net electricity consumed, which is the difference between the electricity they consume from the grid and the electricity they export to the grid. Any excess electricity sent to the grid results in credits on their electricity bill.
Produce your own renewable energy and automatically send surplus energy back to your utility provider for a credit.
Benefits
Advantages of Participating in Ontario’s Net Metering Program
Participating in Ontario’s Net Metering Program offers a host of advantages, making it an attractive option for both residential and commercial customers.
Financial Savings
Environmental Impact
Energy Independence
