I understand the concept of it, but I want to get a better understanding of it in simpler terms to be able to explain to someone else
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You generate your own electricity. If you generate more electricity than you’re using, then the extra electricity can be sold to your power company.
The meter is the device that measures your electricity usage. Kind of like how ‘net profit’ is how much money a company makes after subtracting expenses from revenue – net metering is how much your power bill is after subtracting the electricity you generated from the electricity you consumed. If you produce more electricity than you consume, you might end up with a negative electricity bill, i.e. the power company pays you instead of you paying them.
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