Once you have solar energy, you should understand how to maximize your savings.
Virtual net energy metering (VNEM)
The SOMAH program requires that tenants receive at least 51% of the solar credits from each SOMAH project. VNEM will be used to apply solar credits directly to your utility bill. VNEM is a billing process that allows a single solar panel system to divide bill credits among multiple tenant units and common areas.
VNEM keeps track of
- The electricity created by the solar panels on your building
- The electricity sent to the electric grid, as measured by the solar meter and recorded by your utility company
- The electricity your household uses as measured by your electric meter
- The amount of solar credits allocated to your household to lower your monthly bill
It is important to understand how having solar on your building will affect your utility bill. There will be changes to both the way your utility bill looks and how it is calculated.