Solar Panels Selling Electricity Back To The Grid

Consumers may be able to sell excess electricity from their home solar panels back to the grid in the near future.

Solar panels selling electricity back to the grid.

A record was set at noon on a friday. Selling solar power increases savings the amount of money made from selling solar power back to the grid varies based on the local market value for electricity. If you have a 5kw system that generates on average 18kwh per day and you send all of that solar power back to the grid you will receive 1 98 in feed in credits. With a little up front cash and the right resources individuals are making bank by selling electricity generated by renewable means back to the grid.

Check with your state and utility company. However there have been reports of home producers making around 3 000 per year from a combination of government incentives and renewable energy credit sales. Households that generate electricity through residential solar projects can receive checks from the power companies for excess energy sent to the grid. But battery systems cost at least 4 000 so it will mean even longer.

Any unused or surplus solar electricity will be exported to the grid. To do this your inverter must continually monitor the grid adjusting your solar electricity to mirror any fluctuations in order to allow any excess solar electricity to seamlessly flow from your solar pv system to the grid. With a battery system you can store electricity to use later or sell back to your supplier either way making savings. That s right for savvy consumers solar energy can both save and earn all at the same time.

Here s how you can sell electricity back to the grid. Over 40 states allow for some kind of net metering. Find out how to apply. The grid also known as the power grid is the network of generators cables and other transmission equipment that brings electricity from the place it s produced to wherever you use it.

A feed in tariff is a payment you can get if you generate your own electricity eg with solar panels or a wind turbine and you can also sell energy back to the grid. You can sell your solar power back to a utility company.