If we don’t do something about climate change on a global level, soon, our planet is going to become a difficult place to live. We’re talking about longer droughts, more frequent and severe storms (including natural disasters), and more.
Small acts, like homeowners choosing to convert to solar energy, can make a huge difference. Yet, a fully-capable solar installation for your home can be expensive, with the average cost ranging between $15,000 and $25,000.
Fortunately, there are tons of solar incentives in place to help you out. One example is net metering.
But what is net metering and how does it work? And just as importantly, is it necessary for your home solar setup?
We’re here to answer all of your questions. Keep reading for everything you need to know about this amazing solar incentive offered by your state.
What is Net Metering?
Going solar doesn’t necessarily mean “getting off the electricity grid.” While solar energy is a practical solution for people with this desire in mind, it may not be beneficial.
Net metering is a program that keeps you connected to the grid so you can sell unused electricity created by your solar panels to the local utility company. In return, you’ll receive energy credits.
These can be used on days when your solar system doesn’t create enough power for your home. If you’re asking, “What is net metering,” it refers to the energy you use minus the amount you’ve given back to the power company. Over the years, this can save you a ton of money.
Why is Net Metering Beneficial?
Most people live in climates that experience different seasons. As you know, there is less sunlight in fall and winter than in spring and summer.
Sometimes, there won’t be enough useable sunlight to fully charge your battery bank. In other words, your solar energy system won’t be able to keep up with your household’s power consumption.
At this point, you would need to fall back on electricity supplied by the local power company. However, if you’ve spent sunny parts of the year building up energy credits through net metering, you’ll be able to get the energy you need for free.
Now that you know the answer to “What is net metering?” you can see why you would need it. And this doesn’t just account for the fall and winter months. During the spring and summer, you’ll also experience cloudy and rainy days that will inhibit your energy generation.
To learn more about net metering, check out this page on residential solar.
Are You Ready to Set Up Your Solar System and Net Metering?
As you can see, it’s probably a good idea to stay connected to the electricity grid, just in case. This is especially important if your region experiences long winters or is prone to cloudy weather.
And now that you know the answer to “What is net metering?” you’re in a better position to decide if solar is the right choice for you. If you decide the answer is yes, reach out to a local solar company soon to take advantage of the 2022 tax credits you’ll receive.
For more lifestyle advice and consumer insight, stick around and read through some of our other articles. Our blog was created to help people like you make good choices.
