EcoRenovator - View Single Post - MA homeowners can now sell back electricity at retail rates

Xringer · 12-01-09, 03:51 PM

WBZ NEWSRADIO 1030 - MA homeowners can now sell back electricity

D.H.

Boston (AP) -- Homeowners tired of paying high electricity bills can now turn the tables by selling excess electricity back to power companies.

The only hitch?

Homeowners need a way to generate power on their own, either by installing solar panels on their roofs or planting wind turbines on their property.

It's called "net metering," and beginning Tuesday property owners can submit the applications needed to begin earning credits on their electricity bills if they generate more energy than they need.

To sweeten the deal, the Massachusetts' 2008 Green Communities Act requires utility companies compensate their customers for the excess electricity at a retail rate rather than a lower wholesale rate.

The law also lets customers allocate their credits to other customers."

~~~
Retail? That's sweet! And, one could also give those extra kWhs to their family and friends as gifts..

12-01-09, 03:51 PM	#1
Xringer Lex Parsimoniae Join Date: Feb 2009 Location: Woburn, MA Posts: 4,918 Thanks: 114 Thanked 250 Times in 230 Posts	MA homeowners can now sell back electricity at retail rates WBZ NEWSRADIO 1030 - MA homeowners can now sell back electricity D.H. Boston (AP) -- Homeowners tired of paying high electricity bills can now turn the tables by selling excess electricity back to power companies. The only hitch? Homeowners need a way to generate power on their own, either by installing solar panels on their roofs or planting wind turbines on their property. It's called "net metering," and beginning Tuesday property owners can submit the applications needed to begin earning credits on their electricity bills if they generate more energy than they need. To sweeten the deal, the Massachusetts' 2008 Green Communities Act requires utility companies compensate their customers for the excess electricity at a retail rate rather than a lower wholesale rate. The law also lets customers allocate their credits to other customers." ~~~ Retail? That's sweet! And, one could also give those extra kWhs to their family and friends as gifts..