Net Metering: How You Can Save Even More Money With Solar
If you have solar panels on your roof, you almost certainly aren’t using all of the energy they produce. All that excess is sent to the grid, joining your utility’s supply of electricity. If you received nothing in return for this extra energy, solar panels would be a harder investment to justify. While home battery storage can help you save the energy you don’t immediately use, there’s a simpler (and cheaper) option available to solve this imbalance. Net metering is one way utilities compensate you for the electricity you produce, making sure you get something in return for the solar power you produce but don’t use. While net metering is the most common and well-known compensation scheme, there are a few others as well — such as the net billing policy. It’s not true that feeding solar power into the grid will amount to a major payday each month, but if you educate yourself in advance, it might pay for your investment in going solar over the long term. We’ll explain everything you need to …