How net metering helps homeowners lower their energy bills over time

Date:

Share post:



Installing solar panels helps homeowners reduce their use of fossil fuels and their impact on the climate. And going solar can also help homeowners save money on their electricity bills.

In some states, that happens through a system called net metering.

When a solar-powered house needs more electricity than the solar panels can produce, that house can use electricity from the power grid to help keep the lights on.

The homeowner pays for that additional energy, just like anyone else who uses electricity.

But at other times, the solar panels might produce more energy than the house needs.

In that case, the extra energy is sent to the power grid. And in a net metering system, the homeowner receives credit from the utility for the electricity they send—which helps lower their energy bills over time.

Not all states have net-metering laws, and in those that do, the laws can differ.

For example, in some states, the utilities are allowed to credit homeowners at a lower rate. Or they can limit the number of solar panels a homeowner is permitted to install.

So many solar advocates are pushing for expanded net metering laws.

Because if homeowners can save money by installing solar, more people are likely to make the switch to clean energy.

—By Ethan Freedman, ChavoBart Digital Media

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Related articles

How to Lead Your Team Effectively in High-Stress Scenarios

Opinions expressed by Entrepreneur contributors are their own. ...

Apple Picks Up Observer Seat on OpenAI's Board

An observer can attend board meetings without being able to vote or exercise other powers that directors...

Is A $400,000 Target For Bitcoin Realistic? Expert Lays Out Bullish Case – Investorempires.com

<!-- Is A $400,000 Target For Bitcoin Realistic? Expert Lays Out Bullish Case – Investorempires.com ...

Allstate announces quarterly dividend payable Jan. 2, 2025

NORTHBROOK, Ill., Nov. 14, 2024 – The Allstate Corporation (NYSE: ALL) announced today its board of directors...