What is a net metering system?
What is a net metering system?
Net metering is a billing mechanism that allows customers who generate any amount of their own power to receive credit for the electricity they contribute to the grid that is generated through solar or wind power.
What is the difference between net metering and net billing?
Like net metering, end-users are able to offset retail electricity purchases under net billing. The primary difference between net billing and net metering is that there are differing rates used to value the excess energy fed into the grid and energy received from the grid under net billing.
How Does NY net metering work?
Net metering allows customers who generate their own electricity from alternative energy systems, such as solar, to transfer electricity they do not use back into the grid in exchange for credits on their utility bills. immediate or ‘real time’ use on the home or building. system) is sent to the utility grid.
Can you sell electricity back to the grid in Massachusetts?
Massachusetts. When a customer exports or feeds more power back to the grid than they use, they qualify for net metering credits. The value of the credit depends on the size of the customer’s solar panel system, and can be viewed on National Grid’s website.
What is the benefit of net metering?
If your home has the advantage of net metering, it allows you to send your extra power to the grid and provide credit that you can use when you need it. Net metering ensures the energy you generate at home doesn’t go to waste.
What is the difference between net metering and gross metering?
In gross-metering, consumer needs to purchase total energy for consumption at retail tariff, which is generally higher than the feed-in-tariff (FIT); in net metering, since import of power is adjusted against export, consumer avails equivalent reduction in their electricity bill.
Does NY allow net metering?
On June 1, 2011, New York expanded behind-the-meter generation and established Remote Net Metering for renewable energy systems to allow the electricity generated to be distributed among many utility accounts.
Is net metering going away in New York?
Customers that get their system installed before 2022 will not have to incur this charge. The exact start date and amount are still to be determined, but is tentatively slated to begin January 1, 2022 at $1/kW per month.
What happens if you produce more electricity than you use?
If you’ve produced more than you’ve used, the power provider generally pays you for the extra electricity at its avoided cost. The real benefit of net metering is that the power provider essentially pays you retail price for the electricity you feed back into the grid.
What happens if you generate more solar power than you use?
If you produce more solar power than you use (as will be the case for many customers during daytime hours, especially in summer) then your system will feed power out to the grid.
What happens to excess electricity from solar panels?
Unused power from this solar electric array will be automatically exported to the electric grid, earning the homeowner a credit against future electric use on non-sunny days.