As renewable energy becomes more affordable, many homeowners are installing systems to generate their own electricity and lower their utility bills through a process called net metering. While some might want to install larger systems and sell the excess power to the utility for a profit, it’s usually not that simple.
Most utilities pay homeowners for the electricity they produce at the retail rate. But if a homeowner produces more than they can use, the rate they get paid often drops – reducing the incentive to install a larger system.
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