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
In: 1
Net metering is an arrangement with your electrical utility provider to credit your solar production at the same rate you pay. Hence ‘net’ since 1 kWh out cancels out 1 kWh in.
A non-net agreement would be something like you paying 12 cents for incoming and the utility paying you 3 cents for outgoing.
Net metering is favorable for the consumer and is what makes solar work from a financial perspective as the payback time is greatly lowered. There are other reasons to go solar but if looking just at ROI net metering is a must.
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