Net metering allows customers who generate their own electricity from alternative energy systems, such as solar, to transfer electricity they don’t use back into the grid in exchange for credits on their utility bills.
Here’s how it works:
- During the day, a solar photovoltaic (PV) system produces electricity for immediate or “real-time” use
- Any extra energy not being consumed at the site is sent to the utility grid
- When your PV system doesn’t supply your entire daytime needs, and/or at night when your system isn’t producing, energy is supplemented from the utility.
- At the end of a billing cycle, any credits earned during extra production times are used to offset electricity usage at other times.
- If you have credits remaining at the end of the year, the utility will send you a refund check calculated based on the number of credits and the “avoided cost of power” dollar rate.
Contact us to learn more about net metering and to help determine what your ROI will be.
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