Customers often ask one question after installing solar panels: “How much money can I save each month on electricity bills?”
You will save money if you start to generate your own energy from the roof of your home. However, you need to learn more about net metering in order to see the savings on your electricity bills.
What Is Net Metering of Solar Energy?
This is how it works. After your solar panels have been installed, your home will become connected to the grid. Once your home is connected to the grid, you can export any excess energy. The magic of net metering begins.
Your solar panels can produce a lot more energy than your house at certain times of the day. This happens most often during midday when the sun is directly shining on the panels. The grid will export the excess energy generated by your panels and use it elsewhere, most often near your home.
The best part is that your meter will actually go backward when this happens. All that energy and all the money it’s worth will be yours. After all, it was created by your solar panels! Your electric company will pay you for the electricity at $0.15 per kilowatt hour.
Your home might need to draw energy from the grid at other times during the day if your panels aren’t producing enough. This happens most often at night when the sun sets, or early in the morning when everyone uses electricity to wake up.
Your house will then import energy from the grid during these times. Your net electricity bill will be very low if you’ve been “netting” or banking on your excess energy at other times of the day.
What Are the Other Advantages of Net Metering?
Net metering is good for the environment and the economy. How often do you find a way to both save money and benefit the environment? It’s not often. You can do this with net metering. You can save money by net metering your solar energy. It’s also good for the environment.
It is practical and efficient, so your excess energy can be used where it is needed. Net metering is a popular option for homeowners who want to use solar energy. It puts money back in the customer’s pockets, making solar an attractive choice.
Increased solar energy production has allowed us to reduce our dependence on fossil fuels and instead replace them with clean, renewable energy sources. You can reduce your carbon footprint by investing in solar energy and making our planet a better place.
This post was written by Daniel Massaad, owner and expert solar technician at Energy Solutions Direct! ESD is the top choice for solar panels in Tampa! Our licensed and certified contractors are masters of their craft; with years of experience servicing the great Tampa Bay area and beyond, the choice is simple. ESD excels at offering you the best in solar value!