Net metering provides a smart cost-saving strategy for home and cottage owners to hedge against rising hydro rates whilst increasing their energy independence by generating their own renewable energy for self-consumption. If you plan to generate power primarily for your own use, then the net metering program is for you.
How it Works
During daylight hours, electricity generated from solar will primarily be used to power your home’s electrical demand. Your solar may however generate extra renewable energy that is not immediately consumed; instead of incurring the high cost of integrating battery storage, you can opt to net meter.
With net metering if you are generating more renewable energy than you need, excess electricity is sent to the grid in exchange for a credit on your bill. This credit can then be used to help you pay for those times when you’re not generating enough power and drawing from the grid i.e. on cloudy days, at night or even during winter months when there’s less solar generation. Excess generation credits can be carried forward for up to 12 months to offset future electricity costs.
Five reasons to go solar in 2020
- Hedge against the rising hydro costs and protect your family against unexpected rate increases
- Increase the value of your home
- Save up to $150,000 on Hydro charges over the next 25 years
- Toronto receives 2,066 hours of bright sunshine a year, why let it go to waste?
- Join the climate justice and net-zero movement and contribute to society’s goal of preserving the planet for future generations
What Ecohive’s existing customers have to say
How to apply
To review your eligibility for the net metering program, book a complimentary consultation by reaching out to email@example.com. A qualified electrical contractor will be in touch shortly to set up a time to review the system sizing, costs, documentation and process, and will advise you on the most cost-effective integration of solar at your home or cottage
A Net Zero home is a home with zero net energy consumption. The total amount of energy used by the home in a year is roughly equal to the amount of renewable energy generated on the site. Net Zero energy systems can easily be applied to new builds as well as existing homes and cottage.
Whether you’re looking to integrate an emergency power solution or whether you’re looking to operate off-the-grid, the Tesla Powerwall along with our other battery options can easily be engineered and installed to match your needs and budget.
- Energy is generated from the solar panels
- The battery bank stores the electrical energy
- The inverter converts the stored DC power to power AC loads when needed
- The desktop or mobile user interface allows you to track, monitor and customize your energy consumption.