Net metering, also called as net energy metering or NEM, is a utility rate policy that forces your electric provider to acquire the surplus solar energy produced by your solar panels at full retail price.
This means that if your solar energy system produces more electricity than your home uses, the surplus is sent to the power grid, where your utility will reimburse you. Because of net metering, rooftop solar panels are a fantastic way to save money! In reality, the greatest states for solar installation are those with the best net metering rules, not those with the most sunlight.
How does it work?
In a word, net metering gives you credit for returning solar energy to the grid while also offsetting future electricity from the utility, giving you the full economic value of all the solar energy your solar panels create. You may be able to eliminate all of your monthly power expenditures if your solar system is suitably sized.
When the sun is shining brightly in the middle of the day, solar panels provide the most energy. The problem is that you use the least amount of electricity during the warmest time of the day. So your panels are generating considerably more power than your home requires at that moment.
Solar panels create more energy than a home consumes, thus the excess is sent into the grid. This is where net metering comes into play. When a net metered system transmits solar energy to the grid, your electric meter spins backwards, and the full retail value of power is credited to your account by your provider.
You then use power from the grid at night when your solar panels aren't generating, turning your electric meter forward once more. The utility nets how much power you provided to the grid vs Net metering refers to how much you utilized to calculate your overall cost at the conclusion of the billing month.
Wrapping up
OmSolar is the ideal partner for cutting-edge solar panel systems.Solar Company Kanpur is committed to meeting your solar energy requirements.
At Om Solar, we work with the goal of making solar panels accessible to all Rewari Solar Solutions families. With a wide variety of performance guarantees, ourRooftop Solar panel in Kanpuris intended to satisfy your energy needs.
We strive toward the goal of lowering your power expenses. Our unwavering commitment and professionalism set us apart from our competition.
To learn more about solar power options, contact us. We would be delighted to be your solar partner.