Your Utility Bill After Solar | Tesla Support

After Tesla installs your solar system, you will still be connected to the grid and have an score with your electric utility supplier. Your rate design may change post-installation as required by your utility program supplier .
solar can greatly reduce your electric bill, but you will often still have a residual bill. The size of your utility program bill depends on many factors including local anesthetic utility rates, the size of your system relative to your energy needs and what time of day you use energy. If you are on a Time-of-Use pace plan, you can often minimize utility rate charges by using less energy during extremum hours. Setting your Powerwall ’ s Time-Based Control mode can help automatically reduce your consumption of expensive utility program electricity without affecting your life style .
The monetary value of energy varies widely by state and rate plan, which is important when considering solar panels and the value of solar energy. Energy pace plan structures, the time of day when department of energy is consumed from the grid vs. solar and the plan ’ sulfur final metering rate all impact how promptly you may be able to recoup your initial investment by producing uninfected, renewable energy. Depending on your location, there may be federal, submit or local incentives available to you .

Types of Electricity Rate Plans

The keep up examples are some of the most common pace plan structures throughout our serve territories and are intended to serve as a general guidebook – please check with your utility for details :

  • Fixed Rate Plan
    Pay the same fixed rate per unit of energy, no matter how much energy is consumed or at what time of day.
  • Tiered Rate Plan
    Your energy rate increases in set tiers as you use more energy. Using less energy from the grid by installing solar may significantly reduce your costs by keeping you in lower, less expensive tiers.
  • Time-of-Use Plan
    Energy rates vary based on the time of day, day of the week and/or the season that energy is being used (or any combination of these factors). You can save money by limiting your energy consumption from the grid to times that are outside of peak pricing hours. Additionally, your system is installed with Powerwall to store solar energy to use later during peak pricing periods. Using Time-Based Control, Powerwall can be set so that you use your stored energy during peak times so that you are primarily consuming energy from the grid when it is the cheapest.
  • Electric Vehicle Base Plans
    These plans will vary based on the number of energy meters you have in your home.

If you have one meter for both electric vehicle charging and home energy use, your rate will much depend on the time of day energy is used. In this case, you pay less by charging your vehicle and using energy during off-peak hours.

otherwise, you may need to install a second meter : one for your electric vehicle and one for your home department of energy. Rates for fomite charge will depend on time of the day and day of the workweek, and you will pay less by charging your vehicle during off-peak hours.

Net Metering

net Energy Metering ( NEM ) is a program most utilities offer which allows you to send supernumerary energy generated by your home ’ s solar panels spinal column to the grid for a credit, which will be applied to your future electricity bills. With NEM placard, you only pay your utility program for this “ net income ” energy custom. During the day, your solar panels may generate more energy than you can immediately consume at that time. With NEM, you ’ ll earn credits for this excess energy. When your home energy consumption is greater than your solar system ’ sulfur output, your utility will apply these credits towards powering your home with energy from the grid .
It ’ s like cellular telephone rollover minutes—NEM allows you to “ rollover ” these energy credits to when you use more department of energy than your solar panels are generating and/or your Powerwall has stored .
Tesla ’ s solar ability systems are grid-tied and will send surfeit solar energy to the power system. This besides applies to customers with Powerwall, who can take advantage of Net Energy Metering after their Powerwall system is full. Please keep in beware that Net Energy Metering laws vary wide from state-to-state .

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Category : Finance

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