What Is Net Metering? A Quick Guide

What Is Net Metering? A Quick Guide

In the United States, the average monthly energy bill is $117.65.

With the mortgage, car insurance, groceries, and the other monthly expenses you may have, this is a lot of money to pay every month! Luckily, there’s a way to lower that monthly payment.

By using solar power with a net metering system, you can lower your monthly energy bill. Keep reading to learn about net metering.

What is Net Metering?

Net metering is a way for customers to generate electricity of their own from solar power.

Net metering allows customers, both commercial and residential, to sell any electricity that isn’t used back to the grid of their energy company. In some states, there are net-metering laws, whereas others offer net metering on a voluntary basis.

In short, net metering allows customers to save money each month on their energy bills. Net metering is considered an incentive to get customers to use solar power.

Net metering works as a billing system that credits users when they add energy to the grid. Since many consumers use less energy than they have access to with solar power, this excess electricity is sent back to the grid where nearby customers can use it.

Since the users are giving back to the grid, they’re often rewarded with credits from the energy company.

Net Metering Gives Customers Greater Control Over Their Energy Bill

With net metering, users can generate their own electricity in a way that is clean and efficient.

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Since many customers aren’t in their house during the day, they often produce more energy than they need during the day with solar power. When this energy is sent back to the grid, customers can save money on future energy bills.

What Does Solar Power Cost

To reap the benefits of net metering, you’ll first need to invest in solar power.

For the average consumer, solar panels cost a little over $13,000 to install. How much energy you want to have available will impact what you pay for solar panels. Since you’ll need more panels to supply your energy and more labor will be used to set them up, your initial cost will be a little higher.

While this is a pretty high price to pay all at once, your solar panels will pay for themselves with the net metering system. Your energy bill will be lower each month and you will be given incentives to use less energy.

Not only is using solar power great for your bank account, but renewable energy is a more sustainable option.

Installing a Net Metering System

To use a net metering system, you’ll need to only add one piece of equipment to your solar panel system.

This piece of equipment is known as a bi-directional meter. The bi-directional meter is able to measure the energy that is transferred to and from the grid. Your solar installer or utility company can install a bi-directional meter for you.

Are You Ready to Install a Net Metering System?

If you’re tired of paying steep prices for your energy bills, consider investing in solar power and a net metering system.

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