Net metering and RECs, in the FTC's words
Credit for power sent back to the grid, and certificates for renewable energy.
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Net metering
The FTC says your utility may use "net metering," which "gives you credit for excess power your system makes and returns to the grid."
Ask your utility
The FTC says to "Contact your utility to see what arrangements it makes with homeowners who produce solar power." Words such as interconnection agreement come from your utility. Read what your utility sends you.
RECs
The FTC says "A REC is a document that proves your system generated a certain amount of renewable energy." The FTC also says that when you lease a system or have a PPA, "you can't claim RECs."
Who gets the RECs
The FTC says a lease or PPA contract should say "who will get the tax credits, other incentives, and any RECs related to the system."
What we do not say
We do not say what your utility credits or pays. We do not give costs, savings, payback, or home value figures.
This is general information, not tax, financial, legal, or engineering advice.
Sources: FTC, Solar Power for Your Home.
FAQ
General information only. We are not a contractor, installer, lender, or tax adviser. We do not refer, match, vet, rate, or check contractors, and we do not collect your information. Before you hire anyone, verify their license or registration with your state (in Washington, use the Department of Labor & Industries' Verify tool), get written bids, and read every contract and financing document. For tax questions, see IRS.gov or ask a tax professional.
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