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How does net metering work and what benefits does it offer to solar panel owner?
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How does net metering work and what benefits does it offer to solar panel owners?
In simple terms, net metering allows residential and commercial customers who generate their own electricity from solar power to feed electricity they do not use back into the grid.
Following are the few benefits of Net Metering:
- Net metering systems are simple and require hardly any action after the initial installation. Net metering offers value for excess energy without any additional installation or other expensive storage systems.
- It serves as a way for homeowners and businesses to contribute energy and remove some of the pressure from the grid, especially during peak consumption periods.
- With net metering, a single solar-equipped home can potentially power several others homes.
On a larger scale, neighborhoods adopting solar systems could become self-sufficient. - Net metering enables consumers a simple yet effective role in their own alternative energy production: Without doing anything different, solar installers can help protect the environment and preserve natural resources.
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