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Net Metering

Net Metering

A net meter is a smart meter configured for net metering. 

Net metering gives a two-way reading. It tracks both the electricity consumed from the grid and the excess electricity generated by a solar system that is exported back to the grid.

Imports

The net meter keeps track of how much energy you import from the grid. You import from the grid when your home is using more energy than you are generating with solar panels. You pay a usage tariff, which is an electricity rate for every kWh of electricity you import. This price differs depending on your retailer.

Exports

The net meter also keeps track of how much energy you export to the grid. You export to the grid when your home is using less energy than you are generating with solar panels. You get paid a feed-in tariff, which is an electricity rate for every kWh of electricity you export. This price differs depending on your retailer.

How to size your solar system

If the electricity meter ran backwards whenever the system exports energy, it would be easy to have zero-dollar bills with solar.

The simple algorithm is look at your most recent electricity bills. Look at how many kWhs you’ve taken from the grid in the last 12 months. Take an average for daily usage in kWhs and divide the number by 4. This is an approximation for the size of system in kW you require.

For example, if you consume 25kWh daily, your system should be around 6.25kW.

Net Metering

After installing solar, your first bill will show how much you’ve been charged for imported energy minus how much you’ve been paid for exported energy, plus your supply charge.

The supply charge is the amount you are billed daily for being connected to the grid. This number tends to be around $1.

FAQs

Q: What is net metering?

A: Net metering is a billing arrangement that allows solar panel owners to receive credit for the excess electricity they generate and send back to the grid.

Q: How does net metering work?

A: When your solar panels produce more electricity than you need, the excess is sent back to the grid, and you receive credits for that excess electricity. These credits can be used to offset your electricity bill when your panels are not producing enough energy.

Q: How can I benefit from net metering?

A: Net metering allows you to save money on your electricity bills by offsetting the cost of the electricity you use with the credits you receive for the excess electricity your solar panels generate.

Q: Can I still use net metering if I have a battery storage system?

A: Yes, you can still use net metering with a battery storage system. The excess electricity your solar panels generate can be stored in the batteries for later use or sent back to the grid for credits.

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