If you have a solar system connected to the grid, and you generate more electricity than you consume, the excess energy is directed to the grid. This is made possible by a process known as net metering.
Since solar energy usage is on a rise across the country, customers need to know about net metering for solar panels as well. This is because, with metering, commercial and residential customers who make their own electricity can generate extra revenue and prevent energy wastage.
Here are 6 Benefits of Net Metering you Should Know About:
1. Lower Electricity Bill
When you have net metering, you will only end up paying for the net amount of electricity that you use. This means that if you generate more electricity than you consume, the utility company will pay you for the extra electricity that you sent to the grid. Further, excess electricity can be utilized at night or during those times when the sunlight is not powerful enough.
2. Easy Installation with Fewer Components
The overall system is less costly given the absence of components, such as battery storage and backup generator. When rooftop solar systems are present, the excess energy generated just gets stored in the utility grid. Moreover, the electricity grid serves as a backup generator, eliminating the need for installing a separate generator.
The absence of these components also means that net metering will bring down the cost of installing the solar system.
3. Lesser Environmental Impact
One of the biggest advantages of solar net metering is that, when commercial and residential spaces use this to return excess renewable energy to the grid, it reduces their reliance on electricity produced from fossil fuels. Consequently, it helps preserve the environment and contributes to the fight against climate change.
Also read: Koyle Ki Keemat Saur Urja Se Bhi Zyada
Apart from this, the financial incentives from net metering can turn more people into users of renewable energy.
4. Increased Financial Credit
When net metering is implemented, the owner of the solar system has the ability to earn extra revenue. This can be done by returning the excess energy produced by the solar system to the electric grid, which will get the owner additional credits.
5. Cost-effective and Hassle-free Maintenance
Solar panels are durable and require very little maintenance. In a PV system, it is actually the battery and generator that require constant attention and care. With solar rooftop net metering, you no longer need these components, and so, the time and cost involved in maintaining the PV system come down substantially.
6. Lesser Network Issues
When customers with net metering send their excess energy to the grid, the utility company can avoid issues such as transmission line congestion that can lead to blackouts and other power outages. This emphasises solar net metering importance since power outages and blackouts require expensive repair, upgrade, and maintenance.
Apart from that, having a distributed network of electricity generation can go a long way in preventing mass power outages if the weather becomes adverse.
As you can see, the many benefits of net metering make it a necessity for people who use a solar system at their home or office. It will save you a lot of money, keep your surroundings pollution-free, and meet your electricity needs as well. Moreover, it will bring in extra revenue to the point where you no longer need to pay for grid electricity. If you look at the big picture, net metering can reduce your neighbourhood’s chances of facing power outages.
Also Read: Best Ways to Use Solar Energy in Daily Life
If you want to install a solar system or have any queries regarding metering, do not hesitate to reach out to us. We will be happy to help you leverage net metering to make your home or place of work a shining example of the effectiveness of renewable energy.