Solar In the News:
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The Department is proposing rule development to develop the proposed rule chapter 62-16, to implement the Renewable Energy Technologies and Energy Efficiency Act and to implement the provisions of the corporate tax incentives provided for renewable energy technologies pursuant to Section 220.192, F.S. |
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| For Florida's Governor, Converting to Renewable Solar Energy Begins at Home. Click here for full story. |
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Solar power ready to shine
By Dominick Tao, Times Staff Writer In print: Thursday, June 26, 2008 In a converted warehouse at the Solar Source company headquarters in Largo, president and solar technology contractor Wayne Wallace is training his competition. He calls his endeavor the Solar Source University. |
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| Local Incentives |
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Your solar system is a combined technological and economic solution designed to eliminate the electric bill for a home or business. Solar systems can stay connected to the utility grid "no batteries necessary" to take advantage of Net Metering laws. This law requires public utilities to credit renewable energy producers at the "retail rate" for the electricity they send out to the grid. Net metering is designed to reduce demand during long hot summer days when energy demand is heaviest, while providing energy credits that allow solar producers to reduce or eliminate their annual electric bill. Under Net Metering, a benefit of deregulation of the energy system, the utility credits solar energy producers for any surplus electricity they send out to the grid. On sunny days the electric meter spins backwards and the solar system earns credit for the energy at the utility's retail energy rates. At night or on rainy days, the grid provides the power and the home or building taps into the credit the solar system earned while the sun was shining. The energy from the solar system plus the utility credit will zero out the net annual electric bill. Steps to a net metered solar system:
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