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Home solar panel installation net metering. Essentially if your credit is the same or more than what you use from the grid your bill from the electric company can be 0. Net metering is a solar incentive that requires your utility to purchase excess solar electricity that your solar panels produce at the full retail value of electricity. According to ministry of new and renewable energy india 20 states and union territories have regulations for net metering. If you install an energy storage system to take your home off the grid you won t have access to the benefits of net metering.
In essence net metering is like having the grid serve as a giant solar battery. In other words when your solar panels produce more electricity than your home needs that excess power will be sent to the power grid. More solar panel installation information for more information on the specifics of net metering in your state check out the mysolar calculator on this page. In addition to net metering when you install a residential solar power system you are also eligible for federal and local tax incentives and rebates that can result in major savings off the top.
The mysolar calculator has detailed information about solar power in every zip code in the us and will provide you all the information you need to be informed about solar power options. Net metering is what makes on grid solar rooftop installation so viable for residents to adopt. Net metering policy differs from state to state.
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