If you are considering going solar, you may have heard of net metering. What does this really mean and how can your budget benefit from it? Solar energy has many advantages and net metering is just one of them.
SRB Energy is committed to helping customers navigate their new system, and it starts with educating them on how they can save money on their utility bills with net metering. Learn more about what you can expect with this process, here:
What is net metering?
Whether you are a homeowner or a commercial business owner, there are tangible benefits to having solar panels. Net metering tops the list, helping you save more money on your monthly costs. In this exchange, the electricity company allows you to resell all the electricity that you do not use.
How does it work exactly? It has to do with the amount of electricity your home generates through its solar panels. For example, let’s say you have photovoltaic panels installed on your roof. These panels can produce more energy than you can use on any given day. You may want to allow your home to be net-metered to save money on electricity costs you may encounter in the future.
When your home is net metered, your electricity meter will actually run in reverse to give you credit for the power you put into the grid. This helps compensate for times when you’re using standard electricity, such as at night or during particularly busy times of the year.
In other words, the energy company will only charge you for your net energy (the amount of energy you use subtracted from the amount of energy you supply to the grid).
Does net metering really work?
The truth is, your home is probably producing more energy than you can use during the day. This is especially true if you’re away most of the day and don’t run the lights or HVAC system in your absence. Net metering gives you the ability to put that extra power to good use to help offset your bills in other areas.
This essentially reduces what you’ll pay on your electric bill each month, proving that net metering really works. The amount you save depends on how much energy your photovoltaic panels can produce compared to how much energy you use during the day.
Earn more on your electricity bill
If you really want to offset the money you spend on electricity, having a net metering system can help. This allows all the energy you produce to be put to good use and helps keep your home running smoothly at minimal cost. Investing in solar panels is a worthwhile upgrade to your home, especially when you consider how much it could save you on an annual basis.
To learn more about net metering, be sure to visit SRB Energy on the web at https://srbenergy.com/.