Will I have electricity when the grid power goes down?

The short answer is, probably not. The typical grid-tied system is designed to turn off if the grid goes down for safety reasons. That being said there are ways to have power when the grid goes down but honestly a generator would be a cheaper solution.

How much would it cost to convert a microFIT to a net-metering system? Is the equipment compatible?

The equipment for a microFIT system is exactly the same as it is for net-metering systems. The only difference is how it is connected to the grid. The cost to convert will mostly depend on the utility and the ESA. It could be as low as $500 or as high as $3,000. We have never …