Is Net Metering the way to go?

A Net Metering system and a MicroFIT system are exactly the same, technologically. The only difference is how your green electrons are counted (or metered) and what value they have.

A MicroFIT system sells 100% of your produced electricity to the grid at a fixed price on a long term contract. If your system generates consistently, then your income from the system will also be consistent over that 20 year period. The value of each kWh of energy you export is fixed for 20 years at the MicroFIT rate when your contract is offered. All MicroFIT income is taxable. Your electricity bills, based on your consumption, will continue as they did before the system was installed.

A Net Metered system also produces clean, green electricity but it goes into your own house first. That means that for every kWh you produce, your consumption from the grid is a kWh less. The benefit is the avoided cost of electricity. Note that this currently includes BOTH the direct cost of electricity AND a portion of the delivery charges. If you are producing more electricity than you are consuming then excess electricity goes out to the grid to be banked for later. The value of your solar electricity equals the avoided cost of electricity. As the cost of electricity rises, so does your benefit. Net metered benefit is not taxable. Your bills will be reduced by the value of your generation. The overall economics of a Net Metered system will depend on how much electricity rates rise in the coming years. Who thinks the cost of electricity will go up? Anyone? :)

As the MicroFIT rate drops and the cost of electricity rises the choice between MicroFIT and Net Metered trends away from MicroFIT and toward Net Metered. Right now, we think it's about a wash, depending on your preferences, marginal tax rates, and projections of electricity rates.

Now that's a lot to wrap your mind around. Give us a call and we can go over it with you! (705) 741-1700 or 1 877-747-6527. That's 1-877-74-SOLAR.

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It has been a great pleasure working with you, the project has gone very smoothly. We are very pleased and we look forward to continuing our relationship with you over the next 20 years as we generate power.
I was a great relief to find Generation Solar, after having numerous unpleasant dealings with my initial installer. Their responsiveness and professionalism were top notch. They represented me in dealings with my equipment manufacturer over a warranty issue and produced results that I don't feel I could have on my own. Most importantly, they did what they said they would and kept me informed every step of the way. I would not hesitate recommending Generation Solar and look forward to a continued relationship with them.
I just wanted to let you know how pleased we are with the system you and your team installed. Things have been running great. Checking the inverter for the daily output has been part of my routine, and I enjoy counting the kW. Thanks so much for all the work, professionalism and guidance on this project. You and your team are great.
Wanted you to know that Jackson and Geordie were Amazing and very helpful, hard working in the heat. They did an Awesome job and were very tidy, a hot weather bonus is probably in order though they did say they love working for you.

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