If you are considering using solar energy to power your home, the environmental benefits and long-term cost savings are both amazing and great incentives. But, as you dig deeper into research about solar energy, you may come across another pleasant advantage to using solar panels which is that in net metering, homeowners may be able to sell unused energy, generated by their panels, back to the utility company! Yes, this means you will earn money from solar energy. So you are not only saving but earning money from it! This can help to pay the cost of installing solar panels and can reduce monthly utility bills as well. Plus, having an additional income at home.
It’s key to keep in mind that net metering policies vary based on the state you’re in and of course due to local regulations as well. Plus the utility companies’ policies. Basically, if your house is located in an area with a net metering program, you should be able to sell excess electricity to the utility company during peak solar energy-generating times. And so, you can sell energy.
Now that you know the best thing about net metering, let’s dive in!
What’s net metering?
Is a way for people who own their solar panels, to give excess energy to the electric grid. This can reduce the demand on the electric grid, which will extend the environmental benefits of solar energy to a greater number of people and save the solar panel owner money as well.
Additionally, net metering allows putting unused energy into good use. This means that net metering allows the solar panel’s owner to share the energy with the community around! And this will represent an additional income to their house too!
How does it work?
First of all, you need to be connected to the grid, which is something that most solar energy users have done. The reason why is because even with a super-efficient solar system, nighttime hours, cloudy days, and darker months during winter, mean that your solar panels won’t generate as much electricity as they normally would in the summertime. So, during these times, you will likely need to leverage electricity from the grid.
Source: Forbes Advisor