False, of course. The majority of utilities are forced to pay full retail price:
"...Thirty-eight states, Washington, D.C., and four territories net metering, and utilities in two additional states—Idaho and Texas—have voluntarily adopted net metering programs. Seven states—Arizona, Georgia, Hawaii, Indiana, Nevada, Maine and Mississippi—have statewide distributed generation compensation rules
that do not qualify as net metering because they do not offer full retail rate compensation...."
Net metering policies have facilitated the expansion of renewable energy through on-site, also known as distributed, generation.
www.ncsl.org
"....With net metering, you get the full-retail rate of electricity for all of the excess solar energy you send to the grid..."
Net metering policies have facilitated the expansion of renewable energy through on-site, also known as distributed, generation.
www.ncsl.org
The assumption that a utility must pay what it charges for electricity is based on two false assumptions. One ignores the substantial costs due to transmission lines, maintenance, billing, etc. The larger problem, though, is that not all kilowatt-hours are created equal. When the utility is already producing an overage due to their own "renewable" sources maxing out in low-demand periods, the value of an additional KW-hr you want to sell them is exactly zero.
Essentially, your fake "ROI" figures are based on laws that force other consumers to pay the costs of you using your utility as a gigantic free "battery". And that's even without considering the large state, federal, and (in some areas, local) tax credits used to lower the purchase cost of said system.
LOL, what? I think you mean something closer to 1% of that amount.
Science IS fun. On cloudy days, those panels produce much *less* electricity in total. And when Texas-based ERCOT's solar panels were covered in snow, they produced an average of 3% of their maximum output. This is why your average commercial solar farm has a "capacity factor" of 20-25% of max output ... and residential homes generally run about 5% less than that.