Understanding Net Metering: Maximizing Benefits of your Solar Power System - Freyr Energy:
Net metering is a billing technique that is widely used by solar power systems . This allows for accurate tracking and accounting of the energy that is generated by solar panels. When there is a surplus of electricity created by solar panels, that power is sent back into the grid. This happens when there is more power produced than is required locally. Net metering has developed into a technology that might be helpful for companies who want to cut their energy bills while also adopting environmentally friendly practices. Through a process known as "net metering," owners of commercial solar systems are able to offset their overall energy use and "turn the utility meter backwards" by accruing credits for the additional power their systems generate. In addition to reducing costs, the usage of renewable energy sources is encouraged via the practice of net metering. Installing solar panels for homes with a Net Metering mechanism can also prove to be a good investme n...