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Solar & Net Metering Information
When it comes to solar power, there are some common misconceptions. At MLEA, informing our members is one of our top priorities, especially in matters that have a financial impact. Before purchasing a solar array, it is important to consider the misconceptions about common reasons for installing solar panels.
Net Metering
When a solar system meets an electrical grid, net metering is born. Net metering is a system used when a customer of our cooperative installs a solar system but wants to remain connected to the electrical grid. A special net meter is installed on the house to determine how much power is used vs. how much electricity is generated from the solar system. Additional cost is required for the Moon Lake Electric service fee as the net meter cost more to purchase. Any excess power that is generated and not used by the customer is purchased by Moon Lake Electric and is credited back to the customer.
Rate Schedules
Single Phase Net Metering
| RATE SCHEDULE | RATE ID | BILLING RATE CODE | PHASE | VOLTAGE | GENERATION CAPACITY | SERVICE CHARGE | ENERGY RATE ($ / KWH) | BUY BACK RATE ($ / KWH) |
|---|---|---|---|---|---|---|---|---|
| Single Phase Net Metering | NM-1 | 26, 31 | 1 | - | 25 | $45.00 | See Tariff | $0.0240 |