Grid-Tie (Net Metering) Solar
What is Grid-Tie?
Grid-tied solar refers to a solar power system that is connected to the utility grid. This means that the solar panels generate electricity during the day, and any excess power is sent back to the grid for others to use. In turn, the homeowner receives credits on their utility bill for the excess power they generate. Grid-tied solar is a popular choice for those who want to reduce their carbon footprint and save money on their energy bills.
How Does It Work?
A grid-tied solar system consists of solar panels, an inverter, and a meter. The solar panels generate DC electricity from the sun, which is then converted into AC electricity by the inverter. The AC electricity is then sent to the meter, which measures the amount of electricity produced by the solar panels. Any excess electricity is sent back to the grid, while any additional electricity needed is drawn from the grid.
How Does It Work?
A grid-tied solar system consists of solar panels, an inverter, and a meter. The solar panels generate DC electricity from the sun, which is then converted into AC electricity by the inverter. The AC electricity is then sent to the meter, which measures the amount of electricity produced by the solar panels. Any excess electricity is sent back to the grid, while any additional electricity needed is drawn from the grid.
Frequently Asked Questions
What is the amortization period?
On average, for a house consuming #kW of energy a day with good sun exposure, the amortization period averages ?years.. In comparison, an off-grid system ROI averages 2 years due to savings in gas.
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Do you finance?
No, as of right now, we do not have financing options. We encourage you to speak with Reddy Kilowatt Credit Union to see if their financing options for green energy work for you.
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What are the government incentives for green energy?
The Canada Greener Homes Loan is an interest-free loan of up to $40,000 with a repayment term of 10 years. Additionally, grants from $125 to $5,000 are available to get back some of your costs for eligible home retrofits. See below in the listed resources for more information on the Canada Greener Homes program.
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Will I have power during a power outage?
No. Grid-tie systems are not backup power systems. When the grid fails, any grid-tied solar systems will experience outages as if you were operating off of the grid.