Consolidated invoicing for Net Metering Credits (NMC)

This feature supports the consolidation of invoices for multiple off-takers, enabling asset managers to customize the distribution of project credits efficiently. Automation and a centralized information hub ensure easy access to off-taker information and streamlined invoice management.

Deep Dive
PowerHub recently launched a new feature: consolidated invoicing for Net Metering Credits (NMC).

This new capability is designed to streamline the way asset managers manage their renewable energy portfolios, making it easier and more efficient than ever before.

So, what’s net metering?

Net metering is a policy that lets solar system owners feed excess electricity back into the grid, earning credits for this surplus energy. These credits can then be used to offset future electricity bills, effectively “banking” surplus energy for later use.

This means that individuals and businesses can generate their own clean energy, reducing their dependence on conventional power sources and promoting the use of clean energy.

New features for net metering credits

Now, let’s talk about how PowerHub’s new merge feature makes life easier for asset managers.

First, it supports consolidating invoices with multiple off-takers for a project. This means asset managers can issue invoices to multiple off-takers simultaneously, saving them a ton of manual effort.

Plus, PowerHub has this cool feature that lets asset managers establish an off-taker hierarchy so asset managers can issue consolidated invoices to a single entity. This makes it super easy to track all their off-takers and contracts.

With PowerHub, asset managers can customize the distribution of project credits among multiple off-takers and their respective utility accounts. Asset managers can even set different rates and charges for different off-takers and change multiple off-takers simultaneously.

This simplifies the management of Net Metering Credits, making it easier to issue consolidated invoices to a single entity while still offering a customized distribution of project credits among multiple off-takers and efficient tracking of outstanding payments.

Best of all, PowerHub automates issuing and generating invoices based on predefined schedules, so asset managers don’t forget to send them out. Let’s take a closer look at some of the other key features of PowerHub’s consolidated invoicing for Net Metering Credits:

  • Offtaker Hierarchy: PowerHub has established an off-taker hierarchy, allowing for the issuance of consolidated invoices to a single entity for multiple off-takers.
  • Centralized Information Hub: Critical off-taker contact information is stored in one accessible location, ensuring easy access and maintenance and promoting efficient data management.
  • Customized Credit Distribution: The platform enables the customized distribution of project credit among multiple off-takers, allocating revenue and credit breakdowns by each off-taker, including their contribution percentage in an allocation table.
  • Automation: PowerHub’s automation features include automated issuing and generating invoices based on predefined schedules, facilitating easy revision or reissuance.
  • Efficiency: The platform allows efficient tracking of outstanding payments, simultaneous issuance of invoices for multiple months, and direct export of invoicing info and revenue data for accounting purposes.

Renewable energy asset managers who have already taken advantage of this new feature were thrilled to see how PowerHub continues innovating and providing solutions that make their jobs easier and more efficient.

We understand the pain points of asset managers working tirelessly to scale their businesses and do everything we can to make their day-to-day tasks as smooth as possible.

The consolidated invoicing for Net Metering Credits feature is just one example of how PowerHub is helping to streamline operations and improve efficiency in the renewable energy industry.

For more information, book a demo.

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