Not only does solar power provide enough energy to power your house, it also frequently overproduces energy. “Net metering” provides a way for solar power users to bottle up their excess energy and sell it back to their utility companies for a credit! The credit can in turn be used to power your home at night or simply to further reduce your monthly utility bill.
Indiana recently passed Senate Bill 309, which can be unfortunate news for solar panel owners. Senate Bill 309 eliminated the requirement to “net meter” residential solar systems for publicly owned utilities. In other words, starting in the not-too-distant future, the excess energy generated by your Indiana home’s solar system will no longer mean money in your pocket. It will be given to the electric company instead, and they can sell it.
Fortunately, if solar systems are installed and operational by December 31, 2017, customers are grandfathered into the current net metering policy for the next 30 years!
Indiana homeowners, the time to act is NOW!
Icon Solar has received a timeline from the Indiana Distributed Generation Alliance indicating that people who are interested must have their interconnection application submitted by October 19, 2017 at the very latest. The whole timeline is copied below. But not to worry: with Icon Solar’s turnkey service, we take care of all of the details in the timeline.
If you are interested, be sure to contact us as soon as possible to take advantage of this tremendous benefit.
October 19, 2017 Application submitted
November 2, 2017 Notice that application is complete (10 business days after submission)
November 28, 2017 Notice re whether facility is approved (15 business days after notice)
December 12, 2017 Notice re inspection; agreement sent (10 business days after approval)
December 14, 2017 Customer signs and returns agreement sent (10 business days after approval)
December 31, 2017 Installation complete