Efficient Billing with Net Metering in New York
What is net metering for solar? Let’s break it down by covering some common scenarios…
In ideal conditions, your solar panels could generate more electricity than you use. The excess will be exported to the grid. When this happens, your meter will spin in reverse.
As it spins in reverse the consumption number will decrease. At night, when there is no solar production and you draw energy from the grid, the meter will move forward again.
This process, which repeats every day, offsets the electricity that you take from the utility provider. So, at the end of the month when you receive your bill, the actual consumption will be much lower than if you were to have taken all of your electricity from the grid.
There will be times when you end the month having exported more than you consumed. This excess is placed into a “credit bank” which is essentially a monetary credit on your bill. It is used on future bills when you consume more than you export. If you end the year with a positive figure in your credit bank, you’ll be paid by the utility company at a market rate. Your solar, in some cases, will literally pay for itself.