What is net meter for solar?

Net metering refers to a mechanism whereby solar energy exported to the grid from grid-tied rooftop solar PV system of a prosumer is deducted from the energy imported from the grid in units (kilowatt-hours) to arrive at the net imported / exported energy.

What is import and export in solar system?

With net-metering your utility energy meter will read the energy you consume (as IMPORT) and the excess solar energy you send back to the utility grid as EXPORT. The customer electricity bill will reflect the net or difference between the IMPORT and EXPORT at the end of the month.

What is the difference between net metering and net billing?

Net billing is an alternative approach to net metering. The primary difference between net billing and net metering is that there are differing rates used to value the excess energy fed into the grid and energy received from the grid under net billing.

How does a net meter work?

Net metering is a billing mechanism that credits solar energy system owners for the electricity they add to the grid. For example, if a residential customer has a PV system on their roof, it may generate more electricity than the home uses during daylight hours. Customers are only billed for their “net” energy use.

What is net metering mechanism?

When you enroll in Net Metering, Meralco will replace your current meter and install a bi-directional meter in your home. This means you will be billed for both the power that Meralco supplied your home as well as the surplus power your solar panels provided.

What is import export in solar meter?

In Day Time electricity production by solar rooftop system is more than the actual electricity needs so the excess electricity is fed to the Grid and termed as Export Units. While at Night when the System is Off then we fulfil our electrical needs by taking out the electricity from the grid termed as Import Units.

What is an export meter?

An export meter is a separate meter that records how much energy you export to the grid that you don’t use yourself. If you have a smart meter it might be able to record your generation export, as well as your electricity import from the grid. If it does you will be paid for exactly how much you export.

What does net billing mean?

Net Billing means the difference, over the Billing Period, between the Energy Payment and the Retail Billing Amount.

How does a solar panel meter work?

Once you’ve had solar panels installed, they’ll feed electricity into a meter in your home and then on to your electric supply. The electricity you use from your solar panels is free, and you only pay if you have to fall back on the power from your supplier.

What is of grid solar system?

On-grid solar power system is a solar power generation system where it is connected to the utility grid. The electricity produced by the system is routed to the grid from where it is used to run the various appliances. The installation of the same is also fuss-free and easy to maintain.

What is net energy meter?

Net metering (or net energy metering, NEM) is an electricity billing mechanism that allows consumers who generate some or all of their own electricity to use that electricity anytime, instead of when it is generated.