Conrad Geyser

The most obvious financial benefit to a net-metered PV installation is its effect on the electric bill: Every kilowatt-hour the system generates is one less kilowatt-hour the homeowner has to pay for. But other credits and incentives can make residential PV an even better deal. In our area, there are three major sources of funding available to residential PV customers:

SRECs, or solar renewable energy credits, are available in states that require utilities to provide a certain percentage of their power from renewables. In most cases, it’s simpler for the utilities to buy that renewable power from third-party producers — including homeowners and businesses with grid-connected PV systems — than it is to produce...

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