At my house, we paid only 18 cents for energy last month
That is 2 LARGE screen tvs, 3 medium size tvs.
2 computers, one is fairly powerful
and most of that is running almost all day and night.
The problem is that if you run electricity at night, you’re using what you’ve given. If you do all of your spending at the day, you’re golden. The amount you get normally depends on various rates of the region, need, and sometimes even rates discussed by you and your company. Without a battery, which is very expensive, you will likely not receive any checks for your solar power.
It depends on the utility company
Usually they pay a fair price. The producers don’t find it so.
This is because utility companies need reliable sources.
Energy is like a garden, when you have your crop everyone else also has theirs. the market is full and the price is low.
What they need is some reliable sources at peak demand.
The best price you will get is always when you use-it yourself!
There are generally two plans in this country, depending on State and location.
The first is net metering, where you buy and sell electricity at the retail rate. This is great for offsetting your existing usage, but in California (and presumably other places, too), there is a provision that the electric company will never pay you for excess generation. Thus, you can drive your electric bill down to [near] zero, but if you generate beyond that, it’s your free donation to the grid.
The other plan in some places is that you buy at the retail rate, and sell at the wholesale rate, just like any other power plant. But if the retail rate is 15 cents / kWh, the wholesale is 2 cents / kWh, so if you do manage to generate excess, you’re not paid much for it. In fact, the amount you’re paid will not cover the costs of the equipment over time.
Most home systems drive the meter backwards,
so they are paying the retail rate.
At my house, we paid only 18 cents for energy last month
That is 2 LARGE screen tvs, 3 medium size tvs.
2 computers, one is fairly powerful
and most of that is running almost all day and night.
The problem is that if you run electricity at night, you’re using what you’ve given. If you do all of your spending at the day, you’re golden. The amount you get normally depends on various rates of the region, need, and sometimes even rates discussed by you and your company. Without a battery, which is very expensive, you will likely not receive any checks for your solar power.
It depends on the utility company
Usually they pay a fair price. The producers don’t find it so.
This is because utility companies need reliable sources.
Energy is like a garden, when you have your crop everyone else also has theirs. the market is full and the price is low.
What they need is some reliable sources at peak demand.
The best price you will get is always when you use-it yourself!
Hope this properly answers your question
Guru
There are generally two plans in this country, depending on State and location.
The first is net metering, where you buy and sell electricity at the retail rate. This is great for offsetting your existing usage, but in California (and presumably other places, too), there is a provision that the electric company will never pay you for excess generation. Thus, you can drive your electric bill down to [near] zero, but if you generate beyond that, it’s your free donation to the grid.
The other plan in some places is that you buy at the retail rate, and sell at the wholesale rate, just like any other power plant. But if the retail rate is 15 cents / kWh, the wholesale is 2 cents / kWh, so if you do manage to generate excess, you’re not paid much for it. In fact, the amount you’re paid will not cover the costs of the equipment over time.
It depends on where you live. Check with your local power company.