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In some states, there are solar farms that people and businesses can "subscribe" to that allow them to purchase solar credits that they can use to reduce their
by eappleby 5y ago
In some states, there are solar farms that people and businesses can "subscribe" to that allow them to purchase solar credits that they can use to reduce their own energy bills. The way these credits are passed are through something called virtual net metering.
My idea is to allow homeowners to sell their excess inventory using virtual net metering. At least in NY, energy companies buy the excess solar inventory from homeowners at the end of the year, but it is at slightly more than the wholesale price of the energy, which is less than half of the true cost on someone's energy bill.
My hope is that if a homeowner could capture 100% of the value that their solar panels generate, they would be encouraged to maximize the number of solar panels they add to their home. Otherwise, homeowners tend to limit the number of panels they add to the amount of energy they expect to use, which adds complexity since the amount of energy someone uses can vary over time.
I still need to understand a lot more on how virtual net metering works, but that's the crux of it.
- davidjytang 5y agoTIL about virtual net metering. It's time for me to read up.