Indiana’s net metering policy will expire at the end of June
Small businesses and homeowners have dwindling time to take advantage of the state’s existing net metering policy to go solar and receive a fair credit rate for the clean energy they generate and send back to the grid.
Carmel Green Initiative (CGI) is urging Hamilton County businesses and homeowners to join the Boone & Hamilton Counties Solar and EV Charger Co-op today so they don’t miss out on savings when net metering expires later this year.
“The window for going solar and receiving a fair credit is growing very slim,” said Carmel Green Initiative President Leslie Webb. “I’m hopeful that homeowners and local businesses will take advantage of the waning window to go solar before net metering ends.”
The co-op, run in partnership with the nonprofit group Solar United Neighbors, is free to join. Co-op members learn about solar energy and leverage their numbers to purchase individual solar systems at a competitive price and top quality. The co-op will remain open through March 31, which is designed so members can install their systems before the June 30 net metering expiration date.
Net metering allows solar owners to receive a credit on their electric bill for the electricity they send to their neighbors on the grid at the same rate that they purchase electricity from their utility – an even swap. Despite several proposals this legislative session that would have extended net metering, under current law, the mechanism will no longer be available to new solar owners starting July 1, 2022.
“We tried our best to keep net metering in place so that homeowners and businesses could receive a fair credit for energy produced in our community that gets shared with neighbors,” said Zach Schalk, Indiana program director for Solar United Neighbors. “Unfortunately, lawmakers went in another direction, which means those interested in going solar should act fast if they want the best return on their clean energy investment.”
To learn more about the co-op, free solar information sessions are available online on March 14 and March 29.
Solar Energy Solutions is available to support any residents that may be interested in installing solar on their rooftops prior to the end of net metering. The fact of the matter is that the more installers available to Indiana customers the better chance that they have of meeting the net metering deadline.