Brooklyn homeowners are increasingly looking to solar energy as Con Edison rates rise and solar incentives change. By utilizing net metering, solar-equipped homes can function like mini power stations, generating excess energy to feed back into the grid and draw on when needed but not produced. While homeowners enjoy a favorable exchange rate for energy credits, the evolving solar landscape in New York warrants immediate action due to potential rate rises and decreasing incentives. As solar generators become more valuable with climbing utility costs, the timing becomes crucial for adopting solar solutions.
"We're a generation station," said Trevor S., who had solar installed on his Prospect Lefferts Garden home in 2018. "So right now our net give to the whole network is 28 megawatt-hours, that's about three years worth of electricity."
The solar landscape is evolving rapidly in New York. While we still enjoy a favorable 1-to-1 exchange rate for energy credits, several factors make immediate action worthwhile.
As utility rates rise, the value of your solar-generated power increases proportionally. However, net metering programs through the New York Public Service Commission and Con Edison continue to evolve, potentially affecting future benefits.
Think of it this way: Your solar-equipped home will be a mini power station - a scaled-down Con Edison.
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