Overview of Net Metering
- Solar energy runs your electrical meter in reverse to reduce your net electricity consumption
- Excess production is not purchased by the utility, although energy credits can be carried forward to the next month for up to 11 months
- Most appropriate for households that already have a microFIT system and want to do more
What You Can Expect from a Net Metering System
- The cost a 10kW Net Metering system will typically be under $30,000
- A 10kW system could offset about $2000 in electricity costs annually based on the current price of electricity (individual savings are site specific). As the price of electricity increases, you save more!