Net Metering Agreement
Solar Electric (PV or photo voltaic)...takes the sunís energy and converts it into
electricity for use in your home or business. The panels are modular and can be customized to
your needs. Each panel has a micro inverter that converts the sunís energy into grid-compliant
energy that is fed directly to your electric panel.
With a net-metering agreement from Nova Scotia Power, if you are producing more electricity
than you require, the excess electricity will be fed back into the electrical grid and NS Power will
give you a credit. If you need more power than you are producing, your will pull electricity from
the grid and at the end of the year you will be paid for any excess power not used.
This means that you will not lose any of the energy produced by the sun. During the summer
when the sun is at its most productive, you will be producing maximum electricity and feeding
power back into the grid for credit, essentially your meter will spin backward.
In the winter, you will still be producing electricity (even on cloudy days) but with
the shorter days and the sun lower in the sky, you will be using power off the grid and using the accumulated credit. You will be paid for any remaining credit at
the end of the year. Solar PV requires virtually no maintenance and lasts 30+