How does Duke Energy’s net metering work?

Understanding Duke Energy’s Net Metering Program

Net metering is an essential component of how solar energy systems interact with the electricity grid, especially if you are a customer of Duke Energy. This program has been designed to allow solar users to receive compensation for the excess energy their systems generate, ultimately making solar power more attractive and financially viable for many households.

What is Net Metering?

Net metering is a billing mechanism that enables solar energy producers to receive credit for the surplus electricity their systems generate. When your solar panels produce more energy than you consume, the excess electricity is sent back to the grid, and you receive credits on your utility bill for that energy.

How Does Duke Energy Implement Net Metering?

Duke Energy’s net metering process operates similarly to standard net metering practices, providing benefits to customers who install solar energy systems. Here’s how it works:

• When your solar panels generate electricity, the energy is utilized to power your home.
• If your system produces more electricity than you need, the excess energy travels back to the grid.
• Duke Energy measures this surplus power through a bi-directional meter.
• For every kilowatt-hour (kWh) of energy you send back to the grid, you earn credits that offset future electricity costs.

Key Features of Duke Energy’s Net Metering

Some important features of Duke Energy’s net metering program include:

• Credit Calculation: The credits are typically equal to the retail rate of electricity, meaning you receive a fair exchange for your contributed energy.
• Annual True-Up: Duke Energy performs an annual assessment of your energy usage and credits. Any remaining credits after a year can be rolled over to the next billing cycle, but unused credits may expire at the end of the year.
• Interconnection Standards: Customers must follow specific guidelines while connecting their solar systems to Duke Energy’s grid to ensure safety and compliance.

Eligibility Requirements

To participate in Duke Energy’s net metering, there are several eligibility criteria to consider:

• Your home must be serviced by Duke Energy.
• You must own a solar energy system that meets the regulatory requirements set forth by Duke Energy.
• The system must be appropriately sized according to Duke’s guidelines, generally up to 20 kW for residential customers.
• Customers should complete the application process for net metering and adhere to all interconnection policies.

Benefits of Net Metering for Duke Energy Customers

Participating in Duke Energy’s net metering program brings several advantages:

• Reduced electricity bills: By offsetting your energy consumption with solar energy, you can significantly lower your electricity expenses.
• Investment in renewable energy: You contribute to the growth of green energy, encouraging sustainability and reducing your carbon footprint.
• Potential financial incentives: Engaging in net metering may also qualify you for additional financial benefits and rebates offered by local programs or federal regulations.

For more detailed insights on how net metering works or to explore how solar energy can benefit you, visit our website. At Diamond Solar, we’re committed to helping you harness the power of the sun efficiently and effectively. Explore your options today and seize the opportunity for energy independence.