What is the functioning of net metering with PSE&G?
PSE&G, or Public Service Enterprise Group, a longstanding electric utility company founded in 1903, operates in New Jersey. They extend net metering services to specific regions within their operational domain. If your residence meets the criteria, you have the opportunity to link your solar setup with their power grid by adhering to their outlined procedures. Net metering is a provision mandated by the New Jersey Board of Public Utilities for all utility companies, enabling solar system owners to gain credits for any surplus energy generated by their installations.
What is the net metering capacity policy of PSE&G?
PSE&G does not enforce a limitation on the overall count of systems eligible for net metering participation. Nevertheless, each individual system must be appropriately sized to ensure that the generated energy does not surpass your annual energy requirements.
Excess energy generated by your solar system is credited to your account at retail rate. So, you will receive credit based on excess kW produced and the retail price at the time of production. You may be credited up to 100% of your electricity usage. At the end of one year, any excess credits will be credited at the wholesale rate (Locational Marginal Pricing) instead of full retail credit. The capacity of your system cannot exceed your annual electric needs.
PSE&G Coverage Areas
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