Net Metering Economics
Will you be spending $10,000 to $15,000 each year for power in twenty five years? If you live in a 2,000 square foot home with a five ton air conditioner, have natural gas for your heating system, water heater, dryer, range and oven, you're most likely using 50 Kwh per day (inspect your Power bill to exactly determine your average daily use).

Since the minimum expected life of the solar components is twenty five years, you should attempt to calculate your electricity cost for that same period.

A 2,000 square foot home with a gas range, oven, water heater, dryer and heating system uses about 50 kWh per day. An average month consumes 1,500 kWh, an average year 18,000 kWh and over the next 25 years, approximately 500,000 kWh

30 years ago the cost was less than one cent, last year in Las Vegas you could buy with one kWh for $0.065... today, that same kWh costs $0.095 and by April of 2002 the cost is expected to reach $0.13. That's a doubling in just two years. We think it's a good bet that over the next twenty five years, the average cost will be $0.50. That means that you could pay, incredible as it now seems, $250,000 just for electricity by 2027, believe it or not.

A 10 KW system would provide all the power your home requires and the $100,000 investment includes a solar water heating system too.

Net Metering Incentives

Net Metering
Eligible Technologies: Solar, Photovoltaic
Applicable Sectors: Commercial, Residential

Incentive: Net Metering
This law allows net metering for those customers with solar 10 kW or less. Utilities are required to supply a two-way meter to measure flow in both directions, and utilities are prohibited from adding any additional charges to the bills of those customers participating in net metering. Furthermore, utilities cannot place any additional standards on customer-generators.

Incentive: Federal Loan Program
The Energy Efficient Mortgage (EEM) can be used by homeowners to pay for energy efficiency measures for new and existing homes. EEMs are federally recognized. Both government insured (e.g., FHA, VA) and conventional (e.g., Fannie Mae) EEMs are available. Lower your utility bills by 10 to 50 percent.

Incentive: Property Tax Exemption
This Statute states that any value added by a qualified renewable energy source shall be subtracted from the assessed value of any residential, commercial or industrial building for property tax purposes. Qualified equipment includes solar. This exemption applies for all years following installation.

Nevada Now:
Net Metering means customers of Nevada power can tie in to the power grid and receive credit for the power the solar system generates, thus eliminating the high cost of a battery bank which constitutes at least one-third the cost of a solar power system. This makes solar power systems more cost effective and affordable. So in the daytime when you're generating power you're getting credit to your account, then at night when you turn on the lights you're using the power that was credited. It's like having a storage tank for electricity.



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