Rising electricity costs and pressure from a climate change agenda is encouraging the development of solar PV systems and carbon free technologies. Electricity consumers in Ontario who produce some of their own power from a renewable energy resource may take advantage of the “net-metering” initiative. Net-metering enables you to direct excess electricity generated from a renewable energy source to the distribution system for a credit towards your electricity bill. In essence, it’s a “trade” of the electricity you supply against the electricity you consume.
Once you are connected to the distribution system, your local distribution company will continue to read your meter and then subtract the value of electricity you supply to the grid from the value of what you take from the grid. What you will 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 will receive a credit toward future energy bills. The credit can be carried forward for up to 12 months.
EG Energy can help you take the first step down the path to energy independence. Our experienced team will guide you through the entirety of our engineering, procurement, and construction processes of completely operational Solar PV Systems.