About time, Massachusetts
This week, a law passed allowing homeowners in Massachusetts generating their own electricity (typically through solar panels) to sell back excess power to the electric companies at a premium rate.
Utility companies here in Texas and in select other states have been doing that for some time and “net metering” allows users to be paid for excess energy at retail rates rather than wholesale rates. What is curious to me is how long it is taking states to get on board with setting this up fairly?
Some states allow energy to be sold back but at wholesale rates while others cap the amount they will sell back which is less than progressive. I’m not saying we should all wear Birkenstocks but sharing energy with the energy companies themselves seems common sense and is a ridiculously simple law all states should already have.
Can homeowners in your state sell back energy? What are the stipulations? Realtors should know basic energy laws such as these as green is no longer a trend, it is proving to be the future and agents will begin hearing these questions if they aren’t already.