Solar energy is no doubt a remarkable advancement in modern-day technology. It has led to the conservation of scarce natural resources. Furthermore, with the pricing of solar roofs decreasing, it has become favorable in the eyes of consumers.
This is because solar energy is not only environmental-friendly, it is cost-effective as well. Technology and innovation has made it possible to minimize production costs. This has resulted in solar panels to become inexpensive, compared to the average rooftop of homes.
Furthermore, scientists have come up with innovative ways to recycle excess energy produced through solar-powered products. This groundbreaking innovation has led to consumers having the option to store excess energy for other purposes. This is known as ‘net-metering’.
How Net-Metering Works
Many photovoltaic (PV) systems do not have a way to store excess electricity that has been generated through solar panels. They directly convert sunlight into energy, which is then used to power appliances, electronics and heating. When there isn’t enough sunlight, the power is generated through the utility grid.
However, if you live in a state that allows net metering, storing excess solar energy becomes easier. It allows you to not only store excess energy, but market it to other utilities.
This means that you will be able to sell the energy that has been stored, whilst only being billed for the share you consume. This allows recycling to take place. It helps eliminate the possibility of energy wastage.
In addition to this, the excess amounts of energy produced in a net metering area, flows to neighboring houses. When this happens, the electricity meter of the individual producing the energy, runs in reverse.
Therefore, the individual only gets billed for the energy he has consumed, not produced.
What Are Its Benefits?
Net metering is beneficial for homeowners because it can save hundreds and thousands of dollars annually. Furthermore, managing utility bills and finances becomes easier, as individuals are aware of how much they saving and spending.
At least forty-four states in the U.S. have adopted net metering systems and policies. And while some anti-solar activists claim that only some individuals benefit from this, studies conducted have shown otherwise.
Another added benefit is that it has created a market for jobs. Net metering is responsible for the increase in demands for solar energy, which has led to an increase in demands for solar consultants, manufacturers and solar installation.
The Database of State Incentives for Renewables & Efficiency provides a list of states that have net metering.