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Smud Net Metering Agreement

As the world continues to turn towards renewable sources of energy, it’s essential for homeowners to understand the dynamics of net metering agreements. Net metering is an arrangement whereby homeowners with solar panels or other renewable energy systems can sell excess energy generated back to their utility companies.

Recently, the Southern Maryland Electric Cooperative (SMECO) announced a new net metering agreement that has caught the attention of homeowners and industry experts alike. The agreement known as the “SMUD net metering agreement” is a new initiative that aims to make it easier and more affordable for SMECO customers to install renewable energy systems on their properties.

So, what exactly is the SMUD net metering agreement and how does it work?

The SMUD net metering agreement stands for “Southern Maryland Utility District net metering agreement.” It is a new program that offers a simplified process for SMECO customers to interconnect their renewable energy systems with their utility grid. This program ensures that SMECO customers who generate their electricity from renewable sources like solar panels get compensated for the excess energy they produce.

The SMUD net metering agreement is a significant improvement over the previous SMPA net metering agreement, which had more complex and costly interconnection requirements. With the new agreement, SMECO will no longer charge any interconnection fees for solar power systems up to 2MW. This means customers can save up to thousands of dollars while installing renewable energy systems on their properties.

Under the agreement, when a customer generates more electricity than needed, it is automatically fed back into the SMECO grid. The excess energy generated is then credited to the customer’s account, which is later used to offset the cost of the energy that they consume during peak hours.

In summary, the SMUD net metering agreement is a game-changer for homeowners in southern Maryland who want to adopt renewable energy systems. It offers a simplified and cost-effective way to connect to the grid and earn money from excess electricity generated. With this agreement, SMECO is leading the way to a cleaner and greener energy future.