Net metering is a billing mechanism that credits solar energy system owners for the electricity they add to the grid. If your solar panels produce more electricity than you use, the excess energy is sent to the grid, and your utility company will provide you with credits. These credits can be used to offset the electricity you draw from the grid when your solar system isn’t producing enough power (e.g., at night).
Cost Savings : Reduces your overall electricity bill by offsetting the cost of grid electricity.
Efficiency : Makes the most out of your solar power system by utilizing excess energy.
Environmental Impact : Encourages the use of renewable energy, reducing reliance on fossil fuels.
Generation : Your solar panels generate electricity, powering your home or business.
Excess Power : When your system produces more electricity than needed, the excess is sent to the grid.
Credits : You receive credits for the excess energy, which are applied to your utility bill.
Usage : During times when your solar system isn’t producing enough power, you draw electricity from the grid, using your accumulated credits to offset the cost.