2. Find out what the utility company's buyback rates are. The buyback rate is the rate at which the utility company will purchase excess energy from you.
3. Determine how much excess energy you produce each month. This can be done by looking at your electric bill or by using a solar panel monitoring system.
4. Calculate the potential revenue from selling your excess energy to the power company. Multiply the amount of excess energy you produce each month by the buyback rate.
5. Compare the potential revenue from selling your excess energy to the power company to your current electric bill. This will help you decide if it is financially worthwhile to sell your excess energy.
6. If it is financially worthwhile, contact your utility company to sign up for their net metering program. You may need to have a solar panel inspection conducted before you can be approved for the program.
7. Once you have been approved for the net metering program, start selling your excess energy to the power company! You will be credited for the energy you generate, and you will see your electric bill decrease.
