Can customers get credit for producing their own electricity?
Yes. The energy that is produced by a PV system will first serve a home’s electrical load. However, if the PV system produces more electricity than the home needs at any given time, SVP credits the excess electricity to the customer at the same price they would pay for electricity from SVPin effect turning the electrical meter backwards. This is called “Net Metering,” and the credit will appear on the monthly utility bill from SVP with an annual “true-up.” Any credit is zeroed out at the end of the 12-month period. Should the home need more energy than the PV system is producing at any given time, the customer can be assured that SVP will provide the electricity that the home needs.
