How Does Net-Metering Work?

Solar Net Metering in Oregon: Your Bright Path to Savings

Imagine this: you’re soaking up the sun’s rays, and instead of just getting a tan, you’re saving money. Welcome to Oregon’s net metering program—a brilliant way to turn your solar panels into a financial powerhouse. Let’s dive into how this solar magic works and why it’s a game-changer for your wallet.

What’s the Buzz About Net Metering?

Net metering is like having your cake and eating it too, but instead of cake, you’re enjoying the savings from your solar panels. Here’s how it works: when your solar panels generate more electricity than you use, the extra power gets sent back to the grid. In return, you rack up credits that lower your utility bill. Think of it as a “thanks for sharing” reward from your utility company.

How Does It Work?

1. Meter Magic: When you go solar, your utility company will swap out your old meter for a snazzy bidirectional one, often at no charge. This new meter tracks both the power you pull from the grid and the excess power you send back. It’s like having a little accountant for your energy needs.
2. Monthly Billing: At the end of each month, your utility company does a bit of math magic. They subtract the amount of power you’ve sent to the grid from the power you’ve used. You’re only billed for the difference, or the “net” amount. If you’ve sent more power back than you’ve used, your bill might even be zero.
3. Yearly Truing Up: Around March each year, your utility company will “true up” your account. If you’ve got excess energy credits left over, your bill gets wiped clean, and you start fresh for the new year. It’s like hitting the reset button on your energy bill.

Oregon’s Net Metering Ratio for 2024

For September 2024, Oregon’s net metering program operates on a one-to-one credit ratio. This means that for every kilowatt-hour (kWh) of electricity your solar panels send back to the grid, you receive a credit equal to one kWh of electricity on your utility bill. In simpler terms, if you produce 100 kWh of excess power, you’ll be credited for 100 kWh on your bill. It’s a fantastic deal that ensures you get full value for the solar energy you contribute to the grid.

Why Net Metering Rocks

• Offset Your Bill: As utility rates climb and peak usage times hit, net metering helps you offset those spikes. With a solid solar setup, you can potentially reduce—or even eliminate—your utility bill.
• Credit Rollover: Your energy credits roll over from month to month, which is handy because energy production varies with the seasons. Use the excess credits from sunny months to cover your needs during less sunny times.
• Time of Use Rates: Utility prices vary throughout the day. By generating your own power and banking credits, you can avoid paying higher rates during peak hours. That means lower bills even when you’re using electricity at prime time.

Got Questions? We’ve Got Answers!

Do All States Offer Net Metering?

Nope. Some states, like Tennessee and Alabama, don’t have net metering. Others offer similar programs with different names or conditions. Oregon, however, is a big fan of net metering, so you’re in good hands.

Is Net Metering Here to Stay?

Yes, for now! Net metering is a cornerstone of solar energy programs and has a lot of support. While there have been some legal skirmishes and attempts to alter the program, it’s still going strong in most places, including Oregon.

What If Net Metering Credits Lose Value?

If your credits suddenly become less valuable, having a solar battery can save the day. A battery stores excess energy so you can use it when your panels aren’t producing. It’s like having an energy savings account for those rainy days.

Partner with Infinity Solar

Still curious about how net metering could work for you? Infinity Solar is here to illuminate your path to solar savings. Whether you’re just exploring your options or ready to go solar, we’re with you every step of the way—from understanding net metering to installing your solar panels.

Ready to turn sunlight into savings? Contact Infinity Solar today (503-997-8836), and let’s start your journey to brighter, more affordable energy!