Net-Metering Solar Systems
Through use of a bi-directional electricity meter that monitors and records the flow of electricity to and from your home or business, you can now use the electricity that you generate with your solar system to power your home whilst storing any surplus energy in the provincial power grid to be used by the rest of the community. But don’t worry, you don’t have to power your neighbour’s Playstation out of the goodness of your heart. The Nova Scotia Power Authority will credit you at the end of each billing period for your contributions to the grid, and if at the end of the year your solar system has produced more power than you have used in your home, they will provide a cash payment for your surplus energy at a rate equal to the cost of energy from the grid! This means that not only can you significantly reduce your hydro bill, but you can also receive cash payouts for the energy that you contribute! By remaining connected to the power grid whilst also generating your own power, you also don’t have to worry about being without your electrical amenities during times when your system cannot produce sufficient power, you would simply absorb power from the grid as per usual. This has many advantages over being entirely “OFF GRID” in which case you would be without power during cloudy weather and would have to store surplus energy inside of expensive batteries that have a limited lifespan. For more information on Enhanced Net Metering visit the Nova Scotia Power website.