Are you one of those who are worried about your high electricity bill?
Most of us who have air-conditioner(s) in their home pay a good chunk for consuming electricity. Notably, during the summers, when coolers, ACs and fans run almost the whole day, the electricity bill
Well, if you are, you must beblaming and cursing the utility companies, which anyway is a common thing that most people do when their electricity bill is steep.
Lately, consumers are overwhelmed by the unreasonably high amounts they have been asked to pay after the normal utility billing process was restored.
But now, with a new metering system, one can save oneself from high charges on electricity by power distribution companies. It is known as Net Metering system.
What is Net Metering?
Net Metering is a system of electricity billing mechanism that gives credits residential and commercial solar power systems for making excess electricity with their solar panel systems. When solar panels produce excess power, that power is sent to the grid and you get paid for each unit you supply.
The net metering system works with grid-tied and on-grid solar power systems. If the energy generated is more than the amount of energy consumed, compensated for the excess amount. And, if the amount of energy consumed is more than the amount of energy generated, you only pay for the net amount.
How Does Net Metering Work?
When your solar rooftop generates more electricity than you consume during daylight hours. So, with net metering, the homeowner is only billed for the difference between the energy produced by the solar power system and the energy consumed by the house over the monthly billing period. Hence, excess energy earns revenue while the shortage of energy is covered by the grid.
For instance, you have a grid-tied solar rooftop system which produces 500 units of electricity every month, and you use 600 units from the grid. So, with the net metering system, distribution companies will charge you for (600 – 500) 100 units with rates set by regulatory bodies. Average rate around the country is Rs10/unit. So, your monthly bill would be 10 X 100 =Rs1000.
And if you produce 500 units of electricity every month, and use only 400 units, you will be billed for 0 units and paid for excess 100 units of energy produced by your system.
When you have a solar rooftop system, you use electricity which is smart and free and with the complimentary net-metering arrangement, you become immune against any high rising utility bills. This makes you never worry about your electricity bills and perhaps, never to curse the distribution companies.
Do give our blog a read for all your solar-related questions. You can also check out other interesting updates on solar on our Facebook page (facebook.com/zunroof)
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