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Re: Indiana Senate Bill 309


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Posted by JDEM on May 04, 2017 at 05:00:31 from (70.194.13.147):

In Reply to: Re: Indiana Senate Bill 309 posted by Moresmoke on May 03, 2017 at 18:55:44:

In NY and MI and likely most other states - grid-tie works like this. Certain power companies are forced to allow customers install solar with net-metering. Rates go up to make up for it. Customer is allowed to install a system that produce no more then 110% of what past usage was with no solar. If there is any excess power made - the customer gets a credit that is held for one year. Then if not used, the power-company gets it with no payment ever to the customer. I suspect anyone who buys such a system expecting it to ever pay for itself fell for a lot of sales hype. I have it but certainly did not get it for any "investment" reasons.


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