Definition:
An energy billing system that allows multiple consumers to share the benefits of a single solar or renewable energy system, even if they are not physically located at the installation site.
Key Components:
- Virtual Energy Credit Allocation: Consumers receive credit on utility bills for shared solar.
- Centralized Solar Generation: A single renewable installation serves multiple users.
- Regulatory & Policy Frameworks: Varies by region and utility company.
- Multi-Tenant & Community Participation: Supports apartment buildings, businesses, and neighborhoods.
Use Cases/Industries:
- Multi-Family Residential Buildings: Tenants share solar power from a rooftop array.
- Community Solar Programs: Homeowners benefit from off-site solar farms.
- Commercial & Industrial Parks: Multiple businesses utilizing a common solar facility.
Advantages:
- Expands Renewable Energy Access: Enables those without rooftops to use solar power.
- Improves Cost Savings: Reduces individual electricity bills through shared solar credits.
- Encourages Sustainability in Urban Areas: Promotes large-scale solar adoption in dense cities.
Challenges:
- Regulatory Hurdles: Not available in all regions.
- Complexity in Billing & Credit Allocation: Requires advanced metering and tracking systems.
Related Terms:
Community Renewable Energy, Aggregated Solar Generation, Shared Renewable Credits
Example:
A New York apartment complex implemented virtual net metering, allowing tenants to share solar power and collectively save $10,000 annually on electricity bills.
Visited 1 times, 1 visit(s) today
Synonyms:
Community Solar Billing, Remote Net Metering, Shared Energy Credits
