What is Net Metering?
Net metering allows you to offset your energy use with solar energy. Electricity use is measured with your electric meter, spinning it forward when consuming power and backwards when you are generating power with solar. Since you generate more solar energy in the summer, you can bank credits for winter use. You are only charged for annual net usage, which is reflected on your “true-up” electric bill.
What is Time-of-use Metering?
Why is it Important?
Time-of-use metering gives a higher value for the solar power you produce. By using less energy when electric rates are highest, on summer afternoons during the peak performance of your solar system, you will be credited for excess energy at a higher rate. By scheduling some of your energy consumption when rates are lower, you are charged less for the electricity you use. It’s the “buy low” and “sell high” principle.
See How You Can Save with Solar Energy
Produce your own sustainable energy and save more with solar each year. Get a complete financial analysis to see how much you will save with a solar power system.