Net Metering with Grayson Collin Electric Coop
One electric provider servicing North Texas with a net metering policy is the Grayson Collin Electric Cooperative (gcec.net). Their net metering program will credit customers with the excess electricity they send back to the grid at full retail price, which is a good deal considering most plans offer less than the retail price for excess solar energy.
However, Grayson Collin Coop does charge an additional fee of $18 per month for being part of their net metering program. In addition, customers that use less than 50kW are charged a $5 low-use penalty (this applies to everyone, not just net metering customers) that is added to their base rate charges. The bidirectional grid acts as a giant battery for customers, as their excess energy is essentially stored in the grid until it is needed at night or when their solar system is not functioning at full capacity.
Avoid Price Hikes with Solar
Net metering policies can help you take full advantage of your solar system and save you additional money by not wasting any of the solar power you produce. However, even without net metering, going solar will save you money. This is because once the upfront cost of a solar installation is paid, the cost of electricity produced by a solar system is free. A customer’s ROI is influenced by many factors, but most Texans can expect to pay off their system in ten years.
Another reason that solar energy saves you money is that it is not subject to inflation like energy from the grid is. Electricity has not only been steadily increasing in cost, it is also susceptible to volatility because it is part of a global market. Having a reliable energy source for your home protects you from any price hikes by locking-in your rate, keeping our bills stable and predictable.