Solar incentives

During the day, many Solar customers produce more electricity than they can consume in a day. This excess energy can be stored in an onsite battery for later use or fed back into the grid to reduce future utility bills.

Net metering is an incentive available in many states, allowing businesses to monetize their solar energy by feeding solar electricity they do not use onsite back into the grid. With this incentive, you are credited for the solar electricity you add to the grid – lowering your future utility bills and therefore your business’s operating expenses.

A FiT financially compensates you for the clean power that your solar PV panels generate, monetizing your solar energy. You sell 100% of your generated solar energy to the grid at a higher rate that is typically fixed for 20 years. You then purchase your power directly from your utility via your regular bill.

With the feed-in tariff, you are getting paid at a higher rate for your generated solar power, so your solar PV system is in essence covering the cost of the electricity you consume from your utility company plus the additional premium the utility is paying you for that power.

When your solar PV panels generate electricity, they also produce Solar Renewable Energy Certificates (SRECs). These credits represent the environmental benefits associated with producing 1 MWh (or 1,000 kWh) of solar electricity. You can sell your credits back to utility companies in an open market and generate an additional revenue stream from going solar, further maximizing your investment.

Centrica Business Solutions can help you navigate the available SREC program in your state and offer you the best value for the SRECs generated by your solar PV system. We have various offerings that help you maximize your earnings and allow you to choose the timing of your earnings.