Solar Net Metering

So rebates and method of calculation for solar net metering bill may differ as per your state.

Solar net metering.

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. 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. One for the power you use one for the power you generate.

Under a feed in tariff the utility installs two meters. Net metering or net energy metering nem is an electricity billing mechanism that allows consumers who generate some or all of their own electricity to use that electricity anytime instead of when it is generated this is particularly important with renewable energy sources like wind and solar which are non dispatchable when not coupled to storage. Credits at a wholesale rather than retail rate. This is the standard electricity bill with solar net metering.

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. Because in every state there are different type of electricity departments or power distribution companies. 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. 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.

In essence net metering is like having the grid serve as a giant solar battery. 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. Sample of electricity bill with solar net metering. Net metering updates may factor in such things as a more accurate valuation of the solar energy flowing into the distribution grid.

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 began in the united states over 40 years ago as a way to compensate small scale wind and solar owners who wanted to use the electricity generated by their systems at different times.