Many consumers thinking about going solar have heard the term “net metering” but aren’t sure what it means.
What is Net Metering?
Solar Net metering is a utility billing mechanism in Australia that offers credit to residential and commercial solar system owners making excess electricity with their solar panel system and sending it back to the grid.
How Does Net Metering Work?
A rooftop solar panel system can often generate more electricity than you consume during daylight hours when you have a rooftop solar panel system.
With solar net metering, the homeowner is only billed for the “net” energy used each month, the difference between the energy generated by your solar energy system and the energy consumed by their home over the monthly billing period.
When your home or business is net-metered, you’ll see the meter run backwards, and that means, depending upon local policies, you will receive a credit to hedge against the electricity you draw from the grid when your solar energy system is not producing in the evening. You are then billed only for your “net” energy usage. The excess energy generated by your solar energy system is sent back to the grid.
The Advantages of Net Metering
Solar Net metering will save homeowners a whole lot of dollars on their utility bills yearly, so it is a good motive to make the money-saving choice and go solar sooner than later.
There’s one other profit from net metering. Since your solar panel system produces electrical energy near the point where it will likely be used, this reduces pressure on the grid’s distribution and transmission infrastructure and minimizes energy loss from sending electricity many miles from the nearest power plant.
Utility bill savings
The best advantage of solar net metering to solar homeowners is the utility bill’s solar panel savings. Net metering could lead to hundreds of dollars in savings over the lifetime of your solar panel system.
As stated earlier, a solar panel system will be designed to offset solar customers’ energy use costs within a billing cycle. However, most electrical bills include some fixed prices that net metering can’t eliminate.
Switch to solar with AYKA Solar while net metering is still available for the best solar panel savings.
We’re being honest – one of the best days of net metering are behind us. And the future of net metering does not look good. Regardless of being the driving force behind the solar industry, net metering is under attack by greedy electric utility companies trying to save their profit margins.
To ensure that you’re getting the most effective savings by net metering, you need to consider going solar sooner rather than later. When you wait, you run the risk of your utility cutting the program, which means you will save less in the long run.
Using information about your energy bills and feed-in tariff available in your area, we will provide you with a personalized quote for your solar panel savings and how much a solar panel installation will cost, so you can evaluate if solar is a worthwhile investment for your house. Contact us today and get the most solar panel savings.