If the FIT and the retail kWh price are equal, you are getting traditional net metering.FITs are normally lower than the retail kWh price, but utility companies may set them higher as an incentive for solar power in new markets.Under traditional net metering, your consumption and solar generation are valued equally, but a feed-in tariff assigns a different price tag for surplus generation. What Are Feed-in Tariffs in Net Metering?įeed-in tariffs or FITs are rates that apply for surplus electricity exported to the grid. In rare cases, electricity providers may even pay in cash for surplus energy.Other plans will not recognize credits for solar generation that exceeds your monthly consumption.Some solar buyback plans offer a credit that is rolled over to the next month.If your credit for solar generation is actually higher than your consumption, the rules vary depending on the energy company: In simple terms, net metering subtracts your solar generation from your electricity consumption, and you are only billed for the difference. This article will provide an overview of the best solar buyback and net metering programs in the state as of 2023. Texas does not mandate net metering by law, but many Retail Electricity Providers (REPs) and municipal power companies offer the benefit.
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In Texas, there are many electricity providers who will buy back, or give you credit for your excess solar power. Net metering is the most common solution to handle surplus electricity from solar panels.
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