Net metering is a billing arrangement that allows you to sell excess electricity generated by your solar panels back to the grid. It ensures you get credit for the surplus power your system produces, which can help reduce your overall energy costs.
📊 How Net Metering Works:
- Solar Power Generation: Your solar panels generate electricity during the day.
- Usage vs. Excess Power:
- If your panels produce more electricity than you use, the extra energy is sent back to the electric grid.
- If your panels produce less electricity than you use (e.g., at night or on cloudy days), you draw power from the grid.
- Billing Credits: The electricity you send back to the grid earns you credits on your utility bill, which can offset the cost of the electricity you use from the grid.
- Monthly Net Billing: At the end of each billing period, your utility calculates the difference between the energy you consumed and the energy you sent back (hence the term “net” metering).
⚖️ Key Benefits of Net Metering:
- ✅ Lower Electricity Bills: Offsets your energy costs with credits earned from excess solar production.
- ✅ Efficient Energy Use: Reduces waste by sending excess power to others via the grid.
- ✅ Return on Investment: Speeds up the payback period on your solar panel investment.
- ✅ Energy Independence: Decreases reliance on the utility company.
📚 Things to Check in a Net Metering Policy:
- Credit Rate: Are you credited at the retail rate (same as what you pay per kWh) or a lower wholesale rate?
- Credit Carryover: Can excess credits roll over to the next month or year?
- System Size Limits: Are there restrictions on how large your solar system can be?
- Connection Fees: Are there fees for connecting your solar system to the grid?
⚡ Example Scenario:
- Your solar panels generate 1,000 kWh in a month.
- You use 800 kWh during that same month.
- The 200 kWh excess is sent back to the grid, and you earn credits for those 200 kWh, which can be applied to future bills.
Net metering is a significant financial incentive for going solar, but the specifics can vary by state, utility company, and local regulations. Make sure to review your local net metering policies or ask your solar installer for details.
🌞 Welcome to John Common – The Solar Guy! 🌞
Switching to solar isn’t just about saving on energy bills—it’s about creating a brighter, greener future. 🌱💡 With solar energy and net metering, you can reduce your carbon footprint, lower utility costs, and even earn credits for the extra energy your system produces!
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Call 1-844-405-8733 or use this link to make an appointment learn how to get rid of your electric bill and save the planet
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