Understanding Net Metering and How It Can Save You Money

Net metering is a program that allows homeowners with solar panels to receive credit on their utility bills for the excess energy their systems generate. This means that when your solar panels produce more electricity than your home uses, the excess power is fed back into the grid and credited to your account. In this blog post, we’ll take a closer look at how net metering works and how it can help you save money on your energy bills.

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1. What is net metering? Net metering is a policy that requires utilities to compensate homeowners for excess energy their solar panels generate. When your solar panels produce more electricity than your home needs, the excess energy is sent back into the grid and credited to your account. This credit can be used to offset your future energy bills.

2. How does net metering work? Net metering works by measuring the difference between the amount of energy your solar panels produce and the amount of energy your home consumes. This difference is measured in kilowatt-hours (kWh) and is credited to your account at the same rate that you would pay for electricity from the utility. For example, if you generate 500 kWh of excess energy in a month, you would receive a credit for 500 kWh on your next utility bill.

3. How can net metering save you money? Net metering can save you money by reducing your dependence on the grid and lowering your energy bills. By producing your own electricity with solar panels and receiving credits for excess energy, you can reduce the amount of electricity you need to purchase from the utility. This means that you will pay less for electricity overall and may even be able to earn credits that can be applied to future bills.

4. How do you enroll in net metering? To enroll in net metering, you’ll need to contact your utility company and ask about their net metering program. Some utilities may have specific requirements or restrictions on the size and type of solar panel system you can install, so it’s important to do your research and find out what is required in your area.