Net metering is a billing arrangement that allows solar energy system owners to receive credit for the excess electricity they generate and feed back into the grid. When a solar energy system produces more electricity than is being consumed on-site, the surplus energy is sent back to the utility grid and the electric meter runs backward, effectively crediting the system owner for the excess power. This credit can then be used to offset their future electricity consumption when the solar system is not producing enough energy, such as during nighttime or cloudy days. Overall, net metering enables solar energy system owners to maximize the financial benefits of their investment by effectively balancing their energy production and consumption.
Net metering is a billing arrangement that allows solar energy system owners to receive credits or compensation for the excess electricity they generate and feed back into the grid. When a solar energy system produces more electricity than is being consumed on-site, the surplus power is sent back to the utility grid. In return, the utility company credits the system owner's account for the excess electricity, which can be used to offset future electricity consumption from the grid, effectively "spinning the meter backward." This arrangement enables solar energy system owners to save money on their utility bills and encourages the adoption of renewable energy by providing financial incentives.
Net metering is a billing system that allows solar energy system owners to receive credit for the excess electricity they generate and send back to the grid. When a solar system produces more electricity than is needed, the excess is fed into the utility grid, and the meter records this as a credit. During times when the solar system does not produce enough electricity, such as at night, the owner can use the credits to offset their electricity consumption from the grid. This way, net metering allows solar energy system owners to save money by effectively spinning their meter backward and only paying for the net amount of electricity they use.
