Renewable energy is the fastest-growing energy source globally. As we all know, all sources of renewable energy are used to generate electric power. One of them is solar energy, too. I am sure you have all heard about solar power, yet when it comes to Solar Net Metering, you are not that sure.
So, what is Solar Net Metering and how does it work?
Net metering is a billing mechanism that in most states allows the owner of a Solar System to store energy in the electric grid. In this way, if your solar panels generate more energy than you actually need, the surplus of energy will be sent back to the grid, offering you credits in exchange.
Let’s make it easier to understand. You own a business and of course, you are looking for a smarter way to lower your expenses by spending less on electricity, that’s you decide to go solar. The solar system usually generates more electricity than you consume during daylight. If your business is net-metered, then you will see the meter run backward, meaning that you will only pay for the net energy you’re using. The “net” energy is the difference between the energy produced by the solar system and the energy consumed by your business over the month. After that, depending upon local policies, you will get a credit that you can use to lessen your future electricity bills.
Net metering has a lot of advantages not only to you but to the environment also. Net Metering can lessen the amount of money you spend each month on your electricity bills, and it’s a sustainable energy source during the times of peak power consumption. Furthermore, it’s a great way to protect the environment since it will reduce your carbon footprint.
Net Metering is a smart and efficient choice with a lot of benefits. It’s necessary, especially for businesses that need to lower their fixed costs and maximize their earnings. I choose to make the most out of renewable energy sources because they’re our future!