→ How does solar work?
Solar energy is collected from the sun's rays via photovoltaic (PV) solar panels on your room or another outdoor structure.
Inverters (wall or individual panel inverters) convert the direct current or DC energy into usable alternating current or AC power.
The AC energy is used to power your home or business via the electrical panel during daylight hours.
Similar to the concept of a traditional electricity meter, your energy production is then monitored via a special meter installed on your building
→ What happens if my solar system produces more electricity than I use?
Any excess electricity that your system produces is sent back to the power grid and is credited to your account through net metering.
These solar credits will roll-over month to month, if unused, until after the annual anniversary date of when your system was first brought online. This may result in a surplus, at which point the utility company will buy them from you.
→ What is net-metering?
Allows consumers to use the power that their solar system produces both day and night. The power that your system produces is used to power your electrical devised during the day when the sun is shining, and any excess goes back into the power grid and earns you credits. At night, when the sun isn’t providing power for your panels, your electrical devises will use the credits. A surplus of these credits at the end of the year will result in the utility company paying you for the additional power you created but did not use.
→ What are SREcs?
SREC stands for Solar Renewable Energy Credit. One SREC is created for every megawatt hour (MWh)of electricity produced by a solar system. In SREC state markets, such as New Jersey, the value of each credit is determined by the market based on supply and demand. SRECs can be sold to electricity suppliers who need to meet their solar requirement.