Net Energy Metering Policies Helping To Spur Solar Growth

See on Scoop.itGreen Building Design – Architecture & Engineering

All across the United States, rooftop solar panels are popping up on homes, businesses and schools like mushrooms in a forest, and utility-scale solar projects are bringing huge amounts of clean energy into our communities.  Why?

Duane Tilden‘s insight:

>Today, smart policies — likeRenewable Portfolio Standards (RPS) and Net Energy Metering (NEM) — are helping to fuel solar’s explosive growth. Our industry now employs 120,000 Americans at 5,600 U.S. companies. What’s more, we’re now generating enough electricity to power more than 1.5 million homes…

Part of this amazing success story can also be attributed to the fact that the average cost of a solar system has dropped by nearly 40 percent over the past two years and by a whopping 50 percent since 2010.  As a result, American consumers, businesses and schools are flocking to rooftop solar.  According to the most recent statistics, the residential market alone grew by 48 percent in the second quarter of 2013 compared to the same time period a year ago. […]

NEM has significantly contributed to this growth.  Simply put, NEM is a credit on your bill that represents the full value of electricity delivered.  Think of it this way: surplus energy generated by a home or business system is exported to the electricity grid, allowing a consumer’s meter to spin backwards.  This allows the homeowner or business owner to have greater control over their energy use and prices.  […]”<

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