Much Larger Solar Savings
Installing solar panels helps to lower your utility bills. This is true whether you participate in net energy metering or not. But if you do decide to enroll in this state-level incentive, we’ll install a bidirectional electricity meter along with your PV panels:
- During the day, your solar installation generates clean electricity. And any unused power gets fed into the grid – causing the meter to move in the opposite direction.
- At night, your solar panels stop working. And when you take electricity from the grid, the utility meter lots your usage by spinning in the normal direction.
At the end of the billing cycle, you’re only responsible for the “net” difference in electricity bought and sold:
- If you consume more total electricity than you generate, your utility company will send you a bill. But because nighttime power is typically cheaper than daytime electricity, those bills will consistently be lower than average.
- If you produce more electricity than you consume, this excess is carried forward as a credit (at the utility’s retail rate). And you can apply these credits to any future bill within that same 12-month billing cycle.
At the end of the year, the utility will compensate you for unused credits in the form of cash. Most utility providers use the “avoided cost rate” – which is the money they would’ve spent to produce an additional kilowatt of grid power.