"Save 8,000 Won a Month on Electricity per Household"... LH Introduces Solar Net Metering for the First Time

First introduced at Complex 4 in Sanul Maeul, Sejong
Uses surplus solar power

Korea Land and Housing Corporation (LH) will become the first to introduce net metering in an apartment complex, using surplus electricity generated by solar panels to reduce residents' electricity bills.

LH announced that it will first implement net metering using surplus solar power at Complex 4 in Sanul Village, Block M1 of Living Area 6-3 in Sejong City. Net metering is a system in which surplus electricity generated by solar power facilities after on-site consumption is supplied to Korea Electric Power Corporation (KEPCO) and offset against the electricity supplied by KEPCO.

A panoramic view of Complex 4 in Sanul Maeul, Sejong City. Provided by LH.

Complex 4 in Sanul Village, where the system will first be implemented, is a public rental housing complex with 238 Happy Housing units. It is the first LH complex to receive a Grade 3 Zero Energy Building (ZEB) certification. The complex has solar power facilities with a total capacity of 246 kW, and the solar capacity per household is 1,035 W, about 70% higher than that of Grade 5 ZEB complexes. The complex's average monthly solar power generation is about half (approximately 49.1%) of its average monthly electricity consumption.

LH expects the introduction of net metering to generate additional average monthly savings of about 8,000 won per household, on top of the electricity bill savings from existing on-site solar power consumption.

In addition, LH will continue to expand the program to other complexes after reviewing conditions and operational results at each site. Following consultations with KEPCO, LH plans to select complexes rated Grade 5 or higher under the Zero Energy Building (ZEB) certification system that are eligible for net metering, and further review the inclusion of related facilities.

Park Hyungeun, head of LH's Public Housing Division, said, "We will use solar-generated electricity efficiently to reduce residents' maintenance costs and help them experience the benefits of energy conservation in their daily lives. We will continue to pursue related projects to contribute to the government's goal of achieving carbon neutrality by 2050 and the transition to a decarbonized economy."

This content was produced with the assistance of AI translation services.