Understanding Net Metering
How Net Metering Works in Newcastle NSW Australia
How Does Net Metering Work
Curious about how net metering works with your solar system? Net metering is a program that measures the solar power you produce, use, and send back to the grid. This article aims to provide a comprehensive overview of net metering and how it can benefit homeowners with solar systems. We'll also address the importance of understanding your energy profile to maximize the financial advantages of solar power.
Net Metering: An Overview
Net metering allows homeowners with solar panels to connect to the electrical grid, enabling them to send excess solar power back to the grid and receive credits for it. Here's a breakdown of how net metering works:
Solar Power during the Day
- During sunny days, solar panels generate surplus electricity, powering your home's appliances.
- Excess energy goes back to the grid, saving money and contributing to the community's power supply.
Using Credits at Night and High-Demand Times
- Credits earned during the day can be utilized at night when solar panels are inactive, balancing energy usage.
- If energy needs exceed solar production and credits, electricity is sourced from the grid.
The Benefits of Net Metering
Net metering offers several advantages for homeowners:
- Saving Money: Offsetting energy consumption lowers utility bills, with credits earned during the day balancing night-time usage.
- Fostering Control: Producing your electricity makes you less reliant on the grid, providing more control over energy usage and relying on renewable sources. It allows you to use the energy to your advantage.
Net Metering and Zero-Dollar Bills
When installing solar panels, the amount of solar electricity exported is measured using a 'net meter.' This meter has two counters for imports (energy from the grid) and exports (solar energy sent back). Understanding your energy profile is crucial for optimizing system payback. Solar power is most valuable when self-consumed, saving more than exporting to the grid.
Unveiling True Solar Savings
Post-solar bills may not fully represent your savings. The bill equation (Usage – Exports + Daily Service Charge = Your Bill) doesn't account for self-consumption savings. Many solar owners only see exported electricity on their bills, missing out on substantial savings from self-consumption.
By understanding net metering, optimizing your energy profile, and uncovering hidden savings, you can make informed decisions about your solar system and contribute to a sustainable future for yourself and your community. If you have any further questions or want to take advantage of net metering with a quality solar system, contact Newy Solar Co for further information.
