What is that?
Put simply, net metering is a utility billing mechanism available in most provinces that offer credit to residential and business customers who are making excess electricity with their solar panel systems and sending it back to the grid.
How does Net-Metering works?
When you have a rooftop solar system, it can often generate more electricity than you consume during daylight hours.
With net metering, the homeowner is only billed for the “net” energy used each month, that is, the difference between the energy produced by the solar power system and the energy consumed by the house over the monthly billing period.
When your house or business is net-metered, you’ll see the meter run backward, and that means, depending upon local policies, you may get a credit to hedge against the electricity you use from the grid when it’s not sunny or at nighttime. You are then billed only for your “net” energy use. The excess energy generated gets put back to the grid for your neighbors to use
What are the benefits of choosing Net-Metering?
Net metering can save homeowners hundreds of dollars on their utility bills every year, so it’s a good reason to make the money-saving choice and go solar sooner rather than later.
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