If your solar panels generate electricity you don’t use, this power is exported back to the grid. If you export more power than you use in a given month, this “solar bank” will roll forward to future billing months until the credit can be used or expires. The net energy metering (NEM) program credit in the MP2 program is the value of a) the exported power and b) the “banked” solar power for a given month.
But not all solar net metering programs are equal! Even if another company’s rate looks cheaper at first glance, it’s not the most economical decision if they’re not fairly compensating you for the excess solar you send back to the grid. Read on to learn why Texas solar homeowners trust MP2. Please note: Our program is currently limited to the Oncor and CenterPoint service territories.
MP2 credits the solar power you export at a fixed rate.
Our program offers long-term fixed rate contracts up to 60 months, whereas other programs carry shorter terms or expose you to possible increases in power prices through a variable rate.
MP2 doesn’t cap the amount of exported solar power that we’re willing to credit you each month. Other programs credit you at a fixed rate for only a portion of the power you export, or credit the export at a reduced or variable rate.
MP2 allows you to “bank” and roll forward your exported solar power. If you export more than the total amount of grid energy you consume, this power is “banked,” or rolled over to the next month for you to apply toward your next bill (like cell phone minutes).
Contact MP2 Energy:
Customer Service: (832) 510-1030, Option 3
Toll-free: (877) 238-5343, Option 3
There’s an annual “true-up” on your October bill cycle, at which point we clear the kWh remaining in your bank. If your solar panel system is sized appropriately, there should not be a significant amount – if any – remaining in your bank.
Advanced metering charge -- A charge to recover the costs of an advanced metering system;
Energy Charge -- Any charge, other than a tax or other fee, that is assessed on the basis of the customer’s energy consumption.
Energy Efficiency Cost Recovery Factor -- A charge approved by the Public Utility Commission to recover the electric utility’s cost of providing energy efficiency programs.
Fuel Charge -- A charge approved by the Public Utility Commission for the recovery of the utility’s costs for the fuel used to generate electricity.
Meter Number -- The number assigned by the utility to the customer’s meter.
Meter Charge -- A charge approved by the Public Utility Commission for metering a customer’s consumption.
Miscellaneous Gross Receipts Fee -- A fee assessed to recover the miscellaneous gross receipts tax imposed on utilities operating in an incorporated city or town having a population of more than 1,000.
Municipal Franchise Fee -- A fee assessed to compensate municipalities for the utility’s use of public rights-of-way.
Nuclear Decommissioning Fee -- A charge approved by the Public Utility Commission to provide funds for decommissioning of nuclear generating sites.
PUC Assessment -- A fee assessed to recover the statutory fee for administering the Public Utility Regulatory Act.
Sales tax -- Sales tax collected by authorized taxing authorities, such as the state, cities, and special purpose districts.
Current Meter Read -- The meter reading at the end of the period for which the customer is being billed;
kW -- Kilowatt, the standard unit for measuring electricity demand, equal to 1,000 watts;
kWh -- Kilowatt-hour, the standard unit for measuring electricity energy consumption, equal to 1.000 watt-hours; and
Previous Meter Read -- The reading on the beginning the period for which the customer is being billed.
If you're interested in enrolling in the simplest Solar Net Metering program in Texas, please enter your e-mail to the right to be added to the MP2 Energy waitlist.
MP2 stands firmly upon the reputations of our individual team members, not just for knowing the energy markets, but also for doing the right things and standing by our word.THE MP2 TEAM
Our crew consists of genuine, smart people who fully understand the power markets and know how to make our clients happy, because at the end of the day, great service is as simple as effort.OUR PHILOSOPHY
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