What is Net Metering?

Do you want Florida Power and Light to pay you for electricity? I’ll bet you do! And it is actually possible with their net metering program. I had not heard of net metering until, at a brokers’ open house at 6262 SW 50 Terrace, a potential buyer asked if the house can go “off grid” with a system of solar panels. I did a little bit of digging to learn more about solar and other renewable energy sources and that is when I learned about net metering.

I am a paragraph into a blog about net metering and I have not even told you what it is yet, so here it goes. Generally speaking, most houses utilize less electricity during the day because their occupants are out and about at work or school. A house that is connected to FPL’s power grid, then, is sipping less power during those daytime hours than it will be when everyone is home watching tv, charging cell phones, and the like. Well, a house that is both on the power grid and that has its own, say, solar panels might just be using so little power during the daytime hours that the solar panels can create an electricity surplus. Rather than waste the power that the panels are creating, FPL automatically buys it back for its grid. The homeowners are compensated for the electricity that FPL is buying back either as a credit on their bill or by having the same amount of energy deducted from their bill. This sounds like a win for all of the parties that are involved!

My explanation of the net metering process is incredibly simple, but there is a little bit more to it than what I wrote. To learn more, check out net metering frequently asked questions page by clicking here.

If you are interested in seeing 6262 SW 50 Terrace, the spectacular house that started this whole conversation, please feel free to give me a call. I would love to show it to you!

Photo courtesy of HelioPower: www.heliopower.com

If you are looking to buy or sell a home anywhere in Miami, please call me at 305-798-8685, or visit my website at: Luxury Miami Real Estate