What is net metering?

Abhay | Post Date : 18-Dec-2019

Solar Panel Installer in Agra

Description

Under net metering, electricity generated by the SRTPV (Solar rooftop photovoltaic )system is first utilized by the consumer to meet their internal/captive requirements. Excess electricity, if any, is exported to the grid. Subsequently, when the consumer imports power from the grid, the exports are adjusted against the imports, lowering the electricity bill. A net meter (bi-directional meter) records the energy imported from the grid to meet the load and surplus energy exported to the grid after consumption. Both energy import and export are recorded in the net meter. The difference between export and import readings is the actual energy consumed/delivered

Advantages of Net Metering:

1. Financial benefit for the system owner Since the system owner is charged for the net energy consumed from the utility grid, the owner gets financial benefits. Eg. If energy generation < energy consumed: owner pays just for the net amount. If energy generation > energy consumed: the owner gets credit for excess generation. 2. Avoid the use of batteries In a grid connected solar pv system, any excess energy generated can be fed back to local utility grid and can be taken back at later stage when required. Thus, there is no need to store the surplus energy in batteries for later use, thus, avoiding the heavy costs of batteries. Also, since batteries are eliminated, the maintenance costs of the system also reduce to a great extent..

Produce more today, use that tomorrow

Typically, a solar power system produces more energy in summer and comparatively less energy in winter. Eg. If in summer, solar power generates 100 units and load requirement is 80 units, then 20 units can be fed back to the grid. In winter, solar power generates only 60 units and load requirement is 80 units, then 20 units can be taken from the grid. Thus, overall excess generation from solar power system is taken care of and net units consumed from the grid becomes zero.