A common principal to connect solar PV applications to the grid in the United States is net-metering. This method allows for the system to overproduce energy during the day as well as in peak months from April to September to feed back excess solar energy to the grid. The utility will meter the excess power and credits the producer against future use when sun is available. Solar net-metering generally avoids the additional cost for energy storage, which adds a significant amount of money to the installation. On the other hand, having energy storage, provides certainty for any home or business owner at times the grid is down. This additional advantage is difficult to calculate and depends mainly on the needs of the individual who’s adopting solar panels for their property.
Incentive & Tax Credit
New York State is undertaking substantial changes in how it generates and delivers energy. Solar is key to updating New York’s energy system, resulting in a cleaner environment, new jobs, and more local spending in communities. Through the NY-Sun Program, the New York State Energy Research and Development Authority (NYSERDA) provides financial incentives for the installation of new grid-connected solar photovoltaic (PV) systems that will offset the use of grid-supplied electricity.
The Program is divided into two tiers:
- NY-Sun Incentive Residential/Small Commercial (<200 kW)
- NY-Sun Incentive Commercial/Industrial (>200 kW)
Offsetting your energy consumption with solar energy saves you money and is good for the environment, and future of our planet.