Net Metering
Net Metering
Net metering is an electricity policy for consumers, who own / plan to setup a Renewable Energy facility, which allows them to produce electricity (using solar) for their own use and supply the excess produce to the national grid setting-off units of electricity consumed during off-peak hours or at times when the production from RE facility is not enough to meet the consumer load. The consumer will either pay reduced utility bill or get paid for access energy exported to the grid.
Setup
One bi-directional meter will be installed by the Distribution Company with the ability to import & export power.
Procedure
Net metering is a billing mechanism whereby consumers are given credit for the electricity they add to the grid generated through Solar Power.
Sell
Net metering is a billing mechanism whereby consumers are given credit for the electricity they add to the grid generated through Solar Power.
How can we help with the net metering?
Consumers generate electricity through solar/wind and generation from this system is more than what is required by the consumer. Without net metering, this excess generation goes to the grid unaccounted for and there is no benefit to the consumer.
Why net metering?
Net metering allows residential and commercial customers who generate their own electricity from solar power to sell the electricity they aren’t using back into the grid.
Net metering provides substantial economic benefits in terms of jobs, income and investment. Net metering increases demand for solar energy, which in turn creates jobs for the installers, electricians, and manufacturers who work in the solar supply chain.