Electricity consumers in Ontario who produce some of their own power from a renewable resource may take advantage of the “net metering” initiative. Net metering allows you to send excess electricity you generate from renewable resources to the distribution system for a credit toward your energy costs. In essence, it’s a “trade” of electricity you supply against electricity you consume.
Once you’re connected to the distribution system, your local distribution company will continue to read your meter just as they do now and then subtract the value of electricity you supply to the grid from the value of what you take from the grid. What you’ll see on your bill is the “net” difference between these two amounts. If you supply more power than what you take from the grid over the billing cycle, you’ll receive a credit toward future energy bills.
The credit can be carried forward for up to 12 months.
How is Remote Net Metering different?
Remote Net Metering operates on the same principal as Net Metering, but with one big difference. In normal Net Metering installations, all the equipment including solar panels and inverter are on your property. In a Remote Net Metering setup, all of the equipment is off-site, and usually located within a group of other Remote Net Metering users.
For example, picture a solar field with hundreds of panels. Now take those panels and divide them up for a community of 50 to 100 homes. 10 KW of panels from that solar field could represent your home, while the 10 KW of panels next to yours are your neighbours. Another 10 KW of panels could be the barber shop, while 20 KW of panels power the grocery store. The Remote Net Metering model allows a community to share a single solar installation without having solar panels on each individual property.
All Rosseau Acres homes will be participating in the Remote Net Metering program, ensuring each home owner is protected from rising electricity costs, and utilizing renewable energy on a daily basis.