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Austin's "value of solar" is the opposite of net metering. 100% of the solar you produce goes back into the grid, which is bought at some cheap rate, and then y
by megaman821 1y ago
Austin's "value of solar" is the opposite of net metering. 100% of the solar you produce goes back into the grid, which is bought at some cheap rate, and then you buy back your own electricity at retail rates. You litterally lose more money at tier 3 rates than you get paid.
- hn_throwaway_99 1y ago> Austin's "value of solar" is the opposite of net metering. Yes, that is exactly my point. And yes, I'd love it if I got paid more as a homeowner. But Austin is basically paying me wholesale rates for my power I send to the grid, which fundamentally makes sense from an economics perspective. Again, net metering is inherently infeasible for the power company without a vast reconfiguring of how grid electricity is charged.