Alternative Profits Blog
Net Metering - Opportunities, Trends and Challenges
Definition"Net-metering" is a simplified method of metering the energy consumed and produced at a home or business that has its own renewable energy generator, such as a wind turbine. Under net metering, excess electricity produced by the renewable energy source will spin the existing home or business electricity meter backwards, effectively banking the electricity until it is needed by the customer. This provides the customer with full retail value for all the electricity produced.
Market Need
A mechanism by which homes and businesses that generate excess renewable energy can monetize their excess production
Trends
• The total number of customers in net metering programs increased by 45% to 48,820 in 2007 in the US. California, already the largest source of net metering customers with 72 percent of the national total, had the largest increase of 8,779 customers, while New Jersey increased by 1,223 customers.
• California and New Jersey’s success in 2007 was due in some measure to their support of solar energy development, which included the promotion of favorable rebate programs and other incentives.
posted by Ecacofonix at
6:32 AM
Tuesday, September 8, 2009
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