If the exorbitant electricity bills make you twitchy, there’s a
way out. You can not only offset the cost of your electric use but also make
some additional moolah.
Net-metering is the answer to your problem. To embrace the new
concept, one must have a rooftop solar power plant not only to generate
electricity but also to sell the excess power generated by your solar panels
back to the distribution company’s grid.
Campaign
“Net-metering is the latest mantra and we are trying to promote
it in a big way. The lucrative idea of ‘exporting’ the surplus electricity back
to the grid companies for a price seems to have caught the fancy of electricity
consumers and this tendency reflects in the good response we are getting,” New
& Renewable Energy Development Corporation of Andhra Pradesh (NREDCAP)
District Manager K. Srinivasa Rao told The Hindu.
The department has kicked off a campaign to popularise the new
device in domestic and non-domestic sectors. Besides conducting meetings, it
distributed about 10,000 pamphlets. It has approached banks asking them to
extend loans for purchase of the solar plant. “The Vijayawada Municipal
Corporation has applied for 500-kw, which it intends to install at five
different places. We are also trying to motivate educational institutions to
opt for this model,” he says. A consumer producing solar electricity at home by using solar
panels can opt to give excess remainder of the energy back to the grid. “This
will spin the electric meter backwards giving the consumer a credit for that
net energy transferred back to the grid. It is a kind of banking one’s own energy
for later use or sharing for credits,” explains Mr. Rao.
Incentives are offered to motivate consumers to produce renewable
energy through their home solar power projects. A plant with a capacity of
generating up to 3 kw is entitled for a 50 per cent subsidy.The surplus energy fed back into the grid will
be considered for payment by the Discom at pooled cost decided by the APERC
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