The biggest benefit of net metering to solar homeowners is the utility bill savings as net metering can greatly reduce your monthly power bills.
Solar power net metering system.
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.
In fact you can bring your electric bill down to zero if your system is designed to offset all of your electric usage.
With net metering the homeowner is only billed for the net energy used each month that is the difference between the energy produced by the solar power system and the energy consumed by the house over the monthly billing period.
With net metering the excess electricity your home produces covers the times when you don t produce enough.
When your solar power system generates more electricity than you use over the course of a month your utility bill will receive a credit based on the net number of kilowatt hours you gave back to the grid.
Net metering is a billing arrangement by which a net meter bi directional meter is installed at any grid tied renewable energy system solar and wind power system which import electricity when production from solar system is less than demand and it exports electricity when electricity production through solar system is more than the demand.
Many states have passed net metering laws.
Because in every state there are different type of electricity departments or power distribution companies.
In other states utilities may offer net metering programs voluntarily or as a result of regulatory decisions.