There are 3 big current energy policies that favor California businesses, but time is running out to capitalize on the financial benefits:
- Federal Investment Tax Credit (FITC) – 30% of the cost of the solar system
- Net Metering – sell solar electricity to the PG&E grid at $0.36/kWh when the sun shines, and use this credit to buy electricity at night at $0.13/kWh.
- Meter Aggregation (NEMA) – Connect a single solar array to any meter at your operation and virtually offset any other meters that are less accessible, significantly reducing the cost of installation.
Gaia Energy Systems can educate you on these policies and assess how they can benefit you. Let Gaia help you save on your utility costs while these programs are still available.
Net Metering works with a solar PV system. When the sun is shining, solar generates more energy than you use. Excess energy spins your electric meter backwards as electrons are fed back on to the grid. PG&E records a credit, which is then used to offset your electricity bill when your electric consumption exceeds generation… after the sun sets.
On an E6 rate excess generation could be credited “on-peak” at $0.36/kWh; these credits are then applied against grid- purchased electricity costing as little as $0.13/kWh. Gaia designs solar systems to maximize the Net Metering policy, allowing you to buy low” and “sell high”.
NEMA or Net Energy Meter Aggregation allows an owner to allocate solar energy to various loads on existing or adjacent parcels… whether leased or owned, this significantly reduces costs of solar installation by economizing engineering, permitting, and installation costs.