What is Net Metering, and Why Should You Care?
Net Metering, also known as solar net metering or grid-tied metering, is an idea that has been around since the 1980s. It allows homeowners to generate their electricity with solar energy and then send it back to the grid. Sounds like a win-win, right? Let’s explore what this means and why you should care about net metering.
How Does Net Metering Work?
Net metering works by allowing homeowners to install solar panels on their roofs and connect them to the local electric grid. The electricity generated from these panels is sent back to the grid in exchange for credits towards future electricity bills. This means that when you use less energy than you produce, your excess energy is sent back to the power company which will then credit you for it. In some cases, homeowners may even be able to sell their excess energy back to the power company!
Why Should You Care?
Net metering can help reduce your electric bill significantly depending on how much of your energy needs are supplied by solar panels. Additionally, net metering can provide a long-term financial benefit because your solar panel installation could eventually pay for itself over time with monthly savings on electricity costs. Plus, you’ll be helping out Mother Nature too since you’ll be reducing your carbon footprint by using renewable energy sources instead of nonrenewable ones.
What Do I Need To Know Before Installing Net Meters?
Before installing any type of net meter system, it’s important to do research and ask lots of questions about local regulations and utility policies related to net metering in your area. Also, make sure that you find a qualified professional who can properly install your system so that it meets all safety standards and complies with all applicable laws and regulations. Finally, be sure to weigh both the short-term costs (such as equipment and installation) versus long-term benefits (such as savings on electricity) before making any decisions regarding net metering systems.
Despite its complicated name, net metering is quite simple at its core; it allows homeowners to generate their electricity with solar panels while still being connected to the local electric grid – plus they get credited for any excess energy they produce! Not only can this save money in the long run but it also helps reduce our carbon footprint by utilizing renewable sources of energy instead of nonrenewable ones. Before installing a net meter system, however, make sure you research local regulations & utility policies related to net metering in your area as well as find a qualified professional who can properly install your system so that it meets all safety standards & complies with all applicable laws & regulations. All in all, net metering is an exciting way for individuals interested in reducing their carbon footprint & saving money on utilities in the process!