For Ohio homeowners considering solar, understanding your utility's net metering program is crucial. AEP Ohio offers a Net Energy Metering Service (NEMS) for residential customers with renewable energy systems like solar panels. This program allows you to generate electricity for your home and receive credit for any excess energy sent back to the grid.
Here’s what you need to know:
What Is Net Metering?
Net metering enables homeowners to offset their electricity costs by generating their own power and feeding surplus energy into the grid. Under AEP Ohio’s NEMS, this surplus energy is credited to your bill, helping to lower your overall costs.
How Much Does AEP Ohio Pay for Excess Energy?
AEP Ohio credits customers $0.11 per kWh for surplus energy generated by their solar systems. This rate applies to the generation energy component of your electricity bill, which is the cost of producing the electricity you consume. It’s important to note that this credit does not include transmission or distribution charges.
According to the U.S. Energy Information Administration (EIA), the average residential electricity rate in Ohio is approximately $0.14.78 per kWh. This average encompasses all components of the electric bill, including generation, transmission, distribution, and additional charges.
Key Requirements for Net Metering Eligibility
To qualify for AEP Ohio’s NEMS:
Your renewable energy system must be located on your property and primarily offset your electricity usage.
Approved energy sources include solar, wind, biomass, landfill gas, hydropower, micro-turbines, or fuel cells.
You need to submit an interconnection service application before installing your system.
Billing and Credits
AEP Ohio uses a bi-directional meter to track both the electricity you consume and the energy you send back to the grid. While credits for excess energy are applied to your current billing period, they do not roll over to future periods. This makes optimizing your system’s production to match your energy needs a smart move.
Why Ohio Homeowners Are Turning to Solar
With rising electricity rates and increasing awareness about sustainability, more Ohio homeowners are exploring renewable energy. Solar installations not only reduce your carbon footprint but also protect you from fluctuating utility rates.
If you’re considering an Ohio solar installation, net metering with AEP Ohio can make your investment even more worthwhile. By generating your own electricity and earning credits for surplus energy, you’ll see significant savings over time.
Schedule Your Free Solar Consultation
At Phoenix Valley Solar, we specialize in helping homeowners navigate the journey to clean, renewable energy. Our team partners with the best local solar installers to ensure you get the most out of your system—from installation to maximizing net metering benefits. With the industry’s best financing options, there’s no better time to go solar.
Ready to learn how an Ohio solar installation can save you money? Contact us today at 614-623-9373 for your free solar consultation and start your journey toward energy independence.
Embrace the future of energy today with Ohio State Solar and make the most of your Ohio solar installation.
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