Connecting your solar array or solar panels to the local power grid will allow you to enjoy one of the major benefits of generating your own electricity – net metering or net billing.
What is net metering and how does it work?
If on a sunny day, your solar PV system produces more electricity than you can consume, the excess solar power is sent back to the utility grid. When this happens, your electrical meter will be rotated backward and your local power company will give you credits for the amount of electricity your grid-connected solar system has produced.
If you use more electrical energy than your solar system generates during the billing period, you will be billed the normal net amount of the electricity you consumed.
However, if the solar energy you generate is more than you consume, you will be credited for the net amount of the electricity generated. This could either be a reduction in your electricity bill or a direct refund to you.
If your local electricity company has net metering available, you may be asked to install a second electrical meter instead of using a single one that spins in both directions while you are installing your solar system.
With this new meter, you will be able to measure the net energy consumption entering and leaving your system. This will be used to reduce the amount you pay for your electricity bill. Be sure to find out what the policy of your electrical utility company is regarding buying back the energy your small solar power station generates.
Although net metering is the best way to resell the excess power your solar system generates, some utility companies have a lower wholesale rate for buying back energy than the electricity you use from the same utility company. Hence, to break even, you may have to generate more solar energy than you usually consume.https://www.globesolar.net/
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