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NB Power net metering: why 31 October 2026 matters

NB Power net metering: why 31 October 2026 matters

New Brunswick has proposed changes to net metering. Homeowners approved before the deadline would keep one to one credit through 2037.

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New Brunswick homeowners have a date worth paying attention to. Under a filing now before the regulator, systems with an approved net metering application by 31 October 2026 and an inspection completed by 31 October 2027 would keep today's one to one credit arrangement through 2037.

This proposal has not been approved, and the dates could still move. But the direction of travel is clear, and it is the same direction taken in most jurisdictions that reached a certain level of solar adoption.

What one to one credit actually means

Right now, every kilowatt hour your panels send to the grid earns you a credit for one kilowatt hour you take back later, at full retail rate. Your roof produces a surplus at noon in July, and that surplus comes back to you in December when you need it.

That is the arrangement that makes solar work in a place with real winters. You are not selling power at wholesale and buying it back at retail. You are banking it.

Why the deadline changes the maths

Systems approved after a change like this typically move to a lower credit rate for exported power. The panels produce exactly the same amount of electricity, but each exported kilowatt hour is worth less, which stretches the payback period.

Locking in the current arrangement through 2037 is worth more than any rebate New Brunswick ever offered. The Total Home Energy Savings solar rebate paid up to $3,000 once. Eleven years of retail rate credit on a properly sized system is worth several times that.

What has to happen before the date

The deadline is on the approved application, not on the finished installation. That still takes time: a site assessment, a system design, the application itself, and NB Power's review.

If you have been thinking about solar in New Brunswick, this is the reason to start the conversation now rather than in the spring. Not because of a sales deadline, but because of a regulatory one.

What if the proposal is rejected

Then nothing changes and you have a solar system you were going to install anyway, on a roof that would have been producing power the whole time. The downside of acting early is small. The downside of missing the date, if it holds, lasts eleven years.

We handle the net metering application as part of every installation in New Brunswick. If you want to know whether your roof and your consumption justify a system before the date, we can tell you in one visit.

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