What is Net-Metering?
Net metering is a policy that allows homeowners to send excess electricity produced by their solar panel systems back to the grid, and in turn, receive credits for that electricity that can be used at a later date. This process is known as "net metering" because homeowners are only billed for the net amount of electricity they use from the grid.
Net metering policies were designed to promote the adoption of renewable energy and to benefit utilities by providing them with low-cost solar energy. With net metering, homeowners can offset the cost of purchasing electricity from other resources, especially during the summer months when electricity is often the most expensive.
For homeowners, net metering is an effective way to save money on electricity bills. By producing their own electricity with solar panels, they can offset their need for electricity from the grid. In fact, thanks to net metering, homeowners can save tens of thousands of dollars over the lifetime of their solar panel system.
It's important to note that not all states offer net metering, so it's important to check with your state's policies and incentives for solar energy. You can also check the Database of State Incentives for Renewables and Efficiency (DSIRE®) which tracks net metering and other solar incentives and rebates.
To find out how much you can save with solar and net metering, check out the TexasGrid Solar Calculator, or register for a free account on TexasGrid to see custom solar quotes from local installers.
In summary, net metering is a policy that allows homeowners to send excess electricity produced by their solar panel systems back to the grid and receive credits for that electricity that can be used at a later date. With net metering, homeowners can offset the cost of purchasing electricity from other resources, especially during the summer months when electricity is often the most expensive. This can lead to significant savings over the lifetime of a solar panel system.
