Since 2011, solar has become real estate’s hottest commodity. More and more home and business owners see how the trend in going solar has gained attention and demand in the energy sector. What has resulted is a big boom in competition between solar manufactures, solar contractors, and solar financial and leasing institutions.
Time of Use (TOU) is a plan that is proved by the utility companies based on when property owners consume their electricity. It factors in the cost of electricity that so distributed to the home/business throughout the day, where the peak hours cost a higher price while non-peak hours cost a lower price. Although some utilities in California already offer an opt in TOU rate, once a home goes solar, it is incorporated into their NEM (Net Energy Metering) billing plan.
If you’re already powering your home with solar and you’re an SCE customer, then I suggest you read more about how NEM (Net Energy Metering) works when going solar. I like to discuss more about how to better understand the billing that you’ll receive once your system has been officially activated.