With the MECO Net Metering program, the solar PV system sends all excess energy back to the grid, after powering the loads. You receive full credit for the energy you send back to the grid at a 1:1 ratio.
This credit rate is NOT subject to change. Any excess kwh credits are banked on a yearly basis.
Excess credits are rolled over to the next month, until your “anniversary date”. Your anniversary date can be changed to any month you wish, but only one time. After the anniversary date, any credits are lost and the process restarts.
This program is closed forever, but all current NEM agreements are grandfathered. However, it’s not too late to go solar and look into solar PV systems for your home!
MECO Net Metering: A Sustainable Path to Energy Independence
MECO’s net metering program represents a pivotal shift towards sustainable energy practices, offering Maui residents a compelling opportunity to contribute to a greener future while benefiting from financial incentives.
By allowing homeowners to sell excess solar energy back to the grid, the program not only promotes the adoption of renewable energy sources but also empowers individuals to take control of their energy consumption and costs.
As we move forward, the success of such initiatives will be crucial in our collective journey towards energy independence and environmental stewardship.
MECO’s Customer Self Supply program is still open. If you sell your home on Maui, the new owners can inherit your NEM agreement from MECO. This gives your home a MUCH higher resale value than a comparable home.
