At $0.30, Connecticut residents pay one of the highest utility rates in the United States. With such high prices, homeowners can feel the heat of inflation far more than Americans in other parts of the country. To unburden its citizens a little, the Connecticut government has announced many solar rebates for its solar homeowners.
If you are a resident of Fairfield, Connecticut, then you can access multiple tax incentives like the Connecticut Solar Rebate Program, Sales Tax Exemption, Property Tax Exemption, Solar for All Program, and more.
Net-metering was also one of the benefits available to Fairfield, CT residents. However, it has now been replaced with the Buy All Sell All program. So, what is the difference between the two programs, and how does it affect you?
Understanding the Differences
Buy All Sell All, where homeowners can feed the grid every unit of energy their solar power system produces and get paid above the market rate of electricity.
On the other hand, net metering allows you to consume the power you need from the solar power installation and sends back the excess to the grid, and you either get credit on your bill or a wholesale price for it. A smart meter installed in the house measures the electricity sent back to the grid.
The Buy All Sell All program uses two unidirectional meters instead of one bidirectional one. The two unidirectional meters are integrated. One meter measures the exported electricity while the other measures the energy consumed.
Buy All Sell All purchases the electricity at a higher rate than Net Metering. So, the monetary benefits from both programs will be similar. It will also become a source of passive income for the homeowner for the life of the solar power installation, which is at least 20 years.
Find Your Best Fit
If you want to own a solar power installation system in Fairfield, Connecticut, you should contact a solar expert first. Green Power Energy has been helping Fairfield residents make the best out of the metering programs available to them, and counter the growing utility costs. GPE experts can help you discover the pros and cons of the Buy All Sell All program to make it easier for you to decide.