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How Net Metering Is Evolving: Three Changes You Need to Know
Keeping Up With Net Metering: What’s Changed?
When it comes to net metering, things are always changing. That’s why it’s important to stay informed about the latest news and developments if you want to make sure you get the most out of your net metering solar system. Here are three changes in Florida Solar Net Metering that you should be aware of.
1. Feed-in Tariffs (FIT) for Solar Energy Generators
In 2021, the Florida Public Service Commission approved a new policy that allows solar energy generators to sell excess energy to their utility providers at a set rate known as a Feed-in Tariff (FIT). This means that homeowners with solar systems can now receive additional income from their utility company for any extra electricity they produce. This is great news for people who have invested in solar panels, as it provides them with an additional stream of income and encourages them to generate more renewable energy.
2. Increase In Maximum Capacity Limit
The maximum capacity limit for residential net metering Florida customers has been increased from 2 MW to 5 MW, allowing customers with larger rooftop solar installations to benefit from net metering tariffs. This is good news for those who have invested in larger-scale solar projects as they will now be able to get more value out of their investment by using net metering tariffs instead of having to rely solely on traditional energy sources like coal or natural gas.
On the other hand, this change could also lead to an increase in electricity prices for non-net metered customers because utilities have already had to invest more money into infrastructure upgrades to accommodate this increase in demand from net metered customers.
3. Changes To The Netting Process
Netting is the process by which utilities calculate how much energy a customer has used versus how much energy they have produced over a specific period (usually one month). In 2021, changes were made that now require all net-metered customers in Florida to meter their electricity usage and production separately so that utilities can accurately calculate how much energy each customer has produced versus how much they have consumed over a given period. This ensures that all customers are fairly compensated based on their actual usage and production levels, rather than relying on estimates or assumptions made by utilities during the calculation process.
Net Metering is an evolving industry and staying up-to-date on all the latest changes can be difficult, but it’s important if you want to ensure you’re getting the most out of your investment in solar power generation systems. These three changes should help keep you informed about what’s happening in Florida Solar Net Metering so that you can take full advantage of all its benefits! If you’re still unsure about anything related to Net Metering, contact your local utility provider or solar installation company for more information!