When your property adopts solar power, it enters into a “Net Energy Meter” agreement with the utility company. Net metering is a program that enables customers who generate their own electricity, such as through solar panels, to receive credits for any surplus power they produce and feed back into the grid. These credits can offset your future electricity bills.
Typically offered by utilities or state governments, net metering promotes the use of renewable energy sources and reduces strain on the electrical grid by allowing customers to contribute excess power during times of high demand.
Overall, net metering is a valuable option for those investing in renewable energy and aiming to reduce reliance on traditional power sources. However, program specifics may vary based on location and utility provider. It is crucial to research and understand the regulations and requirements in your area. Consult with your Sun Energy Today Consultant to determine if you qualify for Net Energy Metering (NEM).