Overseen by the Maine Public Utilities Commission, Net Energy Billing (NEB) allows businesses and municipalities the chance to receive financial benefits associated with the energy produced by a locally owned and operated solar array. The community aspect of the program means that multiple groups can simultaneously share the benefits from one array, all without having to physically connect to the array or invest in its development.
As the community solar project produces energy, the power enters the grid and is recorded by the local utility. The utility then allocates the financial benefits from the electricity production to each off-takers’ utility bill in the form of a line-item credit.
For instance, if you receive $10,000 worth of credits on your utility bill in the month of August, and you’ve agreed to buy those credits at a 15% discount to their value, your net benefit for the month is $1,500.
The net energy benefit program is open to non-residential ratepayers in Central Maine Power Company, Emera Maine Bangor Hydro district and Emera Maine Public District. In order to receive credits, your organization must be located within the same utility territory as the community solar project to which you subscribe. Each solar developer has specific customer criteria that Titan Energy will help you navigate, including credit rating requirement, usage, minimum offtake, and utility rate class assignment. We take all factors into consideration before matching you with the right developer.
With 20 years of energy procurement experience, Titan Energy helps businesses cut through the complexity of community solar markets with customized, creative energy solutions. Titan is not a solar developer. We act on behalf of clients to use our commodities management and bid administration expertise to help our clients secure the best commercial community solar terms with a reputable developer. We also remain on-call throughout the contract to measure and verify your organization is receiving what you were promised.