If you knew you could MAKE money from the sale of electricity by owning your own wind turbine, would that help you make a decision for the turbine?
Our Maryland Assembly passed HB 801 this year, setting the stage for allowing owners of personal wind or solar systems, who “net meter” (meaning that whatever electricity their devices produce first offsets electricity they use) may now be entitiled to receive a cash payment for electricity they produce annually in excess of what they use. This is a change because previously, if they produced more power, they simply lost the economic benefit.
But there are challenges to how this new benefit will be administrated. The Public Service Commission is charged with writing new rules…and they are being asked by the Utilities for certain changes.
So, even though the law has changed….nothing is in place yet to allow you to obtain a cash payment for your excess power produced.
We will keep you posted on how this process unfolds in the next months…
