Home Solar Panel Installation Net Metering

In essence net metering is like having the grid serve as a giant solar battery.

Home solar panel installation net metering.

Essentially if your credit is the same or more than what you use from the grid your bill from the electric company can be 0. Net metering is a solar incentive that requires your utility to purchase excess solar electricity that your solar panels produce at the full retail value of electricity. In other words when your solar panels produce more electricity than your home needs that excess power will be sent to the power grid. Net metering policy differs from state to state.

Net metering is a unique method by which small solar energy producers like your home solar panels can make the most of any surplus power that they produce through solar panel systems by selling it to the utility company. The mysolar calculator has detailed information about solar power in every zip code in the us and will provide you all the information you need to be informed about solar power options. In most cases staying connected to the electric grid is your best option while home solar battery systems can account for hour by hour variations in solar electricity. If you install an energy storage system to take your home off the grid you won t have access to the benefits of net metering.

In addition to net metering when you install a residential solar power system you are also eligible for federal and local tax incentives and rebates that can result in major savings off the top. Net metering is what makes on grid solar rooftop installation so viable for residents to adopt. According to ministry of new and renewable energy india 20 states and union territories have regulations for net metering.