Solar Net Metering

Net metering allows residential and commercial customers who generate their own electricity from solar power to sell the electricity they aren t using back into the grid.

Solar net metering.

So rebates and method of calculation for solar net metering bill may differ as per your state. Credits at a wholesale rather than retail rate. Net metering is applicable to a wide range of renewable technologies but most net metering programs are tied to solar photovoltaic systems because it s easier to size a. Net metering updates may factor in such things as a more accurate valuation of the solar energy flowing into the distribution grid.

One for the power you use one for the power you generate. Today the solar industry employs more than 250 000 american workers in large part due to strong state net metering policies which have allowed the solar industry to thrive. Net metering increases demand for solar energy which in turn creates jobs for the installers electricians and manufacturers who work in the solar supply chain. Because in every state there are different type of electricity departments or power distribution companies.

Net metering is a solar incentive that requires your utility to purchase excess solar electricity that your solar panels produce at the full retail value of electricity. In other words when your solar panels produce more electricity than your home needs that excess power will be sent to the power grid. This is the standard electricity bill with solar net metering. Solar net metering is a concept that allows producers who are also consumers of electricity to add the excess energy that they have produced back to the grid for distribution.

In essence net metering is like having the grid serve as a giant solar battery. In most cases staying connected to the electric grid is your best option while home solar battery systems can account for hour by hour variations in solar electricity. Most net metering agreements use one meter to track net energy consumption energy used minus energy generated from solar and bill everything at a uniform rate. If you install an energy storage system to take your home off the grid you won t have access to the benefits of net metering.

Rate structures that charge more for electricity at certain times of the day or night or look at where on the grid the excess electricity is being generated. Under a feed in tariff the utility installs two meters.