NET METERING COSTS UTILITIES LITTLE

According to Lazards’s Levelized Cost of energy Analysis – Version 8.0, net metering adds $2 to $10 per MWh to the cost of electric service. The worst-case scenario would be if a home with solar power exported one MWh per month to the grid. I.e. that home would cost the provider up to $10. For 2015 the 130-SB310 goal in Ohio is 0.12 percent solar so that the $10 cost is spread among more than 800 homes – i.e. each non-solar home pays about one cent per month to support solar energy. The final goal of the legislation is 0.5 percent solar, which will add about five cents to home electric bills. These sums are tiny compared to the $20 increase in electric bills since the passage of 127-SB221.

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