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Net energy metering (NEM) is a billing mechanism that allows homeowners and businesses that generate their own electricity with their solar energy system to deliver power they do not use back into the grid and receive a credit.
Solar Energy Technologies
Solutions for Today’s Energy Needs
The extension of the Solar Investment Tax Credit (ITC) passed by Congress on December 19, 2015 will lead to sustained growth in the U.S. solar industry. By 2020, the industry will deploy more than 20 GW of solar electricity annually and employ more than 420,000 workers.
The Investment Tax Credit (ITC) is the solar industry’s most important public policy. As such, SEIA commissioned an independent analysis from Bloomberg New Energy Finance (BNEF) to analyze the impact of the ITC on the industry – and what the U.S. stands to lose if Congress lets this policy expire in 2016.