Simply put, net metering allows homeowners to generate their own electricity using solar panels and other renewable resources. Any excess energy produced by these sources is then sent back to the grid, and the homeowner receives credits for the energy they provide. These credits can then be used to offset the cost of electricity they consume from the grid during times when their own renewable energy sources are not generating enough electricity.
Net metering is a win-win situation for homeowners and the environment. Homeowners are able to reduce their reliance on non-renewable energy sources and save money on their electricity bills. At the same time, net metering also helps reduce greenhouse gas emissions and promotes the use of clean energy sources.
However, utility companies are not necessarily fans of net metering. They are losing money on this deal, as they are required to purchase excess energy from homeowners at the retail rate in order to be compliant with
CLEAN AIR ACT regulations, which is often higher than the wholesale rate at which they sell electricity. In response, many utility companies are replacing traditional electric meters with new digital versions that allow them to monitor a homeowner’s energy consumption during peak hours of the day. This enables them to raise rates during those hours in order to make up for the revenue lost through net metering, and cover any potential penalties for not hitting their
5% target. Those who do
NOT enroll, will be one’s left with the bill.
But homeowners can
avoid these new rate increases by switching to solar and taking back control over the monopolies controlled by their power companies. By doing so, homeowners can generate their own electricity, save money, and help reduce greenhouse gas emissions. And with the availability of our monthly, quarterly, bi-annual, or annual maintenance and cleaning services for your solar panels, homeowners can ensure that their renewable energy sources are operating at optimal efficiency.
In summary, net metering is an important policy that empowers homeowners to take control of their energy consumption and reduce their carbon footprint. As the deadline for meeting renewable energy targets looms, it is more important than ever for homeowners to consider switching to solar and taking advantage of the benefits that net metering provides.