Published On: January 27th, 2024Categories: Tips

Did you know that you could save an average of $1,432 on your yearly electricity bill when you switch to solar energy? And that net metering for solar plays a major role in your ROI?

Understanding how net metering works can be a game-changer in maximizing your savings and optimizing the benefits of your solar installation.

Get started by learning ways to optimize your earning potential with net metering in this informative article. 

What Exactly is Net Metering?

Let’s break it down in layman’s terms: net metering is essentially a billing arrangement that credits solar energy system owners for the electricity they add to the grid. 

Here’s how it works: when your solar panels produce excess electricity beyond what your home consumes, that surplus energy is sent back to the grid. In return, your utility company credits you for the electricity you’ve contributed, effectively spinning your meter backward.

Maximizing Your Solar Savings

Now, here comes the fun part – how do you make the most out of net metering to supercharge your solar savings?

  • Right-Sizing Your Solar System: The key to maximizing your solar savings starts with installing a system that meets your energy needs without overproducing. By right-sizing your solar installation, you can ensure that you’re generating just enough electricity to offset your usage, thus optimizing your net metering benefits.
  • Time Your Energy Usage: With net metering, the timing of your energy consumption matters. Consider shifting high-energy activities, such as running appliances or charging electric vehicles, to daylight hours when your solar panels are actively producing energy. This way, you can directly utilize the electricity generated by your solar system and minimize the amount of energy drawn from the grid during peak hours.
  • Stay Informed About Rate Structures: Utility rate structures can vary, and understanding your utility’s policies regarding net metering is crucial. Stay informed about any changes in regulations or rate adjustments that may impact your solar savings. Being proactive and staying abreast of policy updates can help you adapt your energy consumption patterns accordingly.
  • Explore Battery Storage Options: While net metering allows you to bank excess energy with your utility, investing in battery storage systems offers an additional layer of energy independence. By storing surplus energy generated during the day, you can tap into your reserves during periods of low solar production or during grid outages, further optimizing your energy usage and reducing reliance on the grid.
  • Monitor Your Energy Usage: Knowledge is power, quite literally, when it comes to maximizing your solar energy incentives. Utilize energy monitoring tools to track your household’s energy consumption patterns and solar production in real time. By gaining insights into your energy usage habits, you can identify opportunities for optimization and make informed decisions to further enhance your savings.

Your First Step in Getting Net Metering for Solar

Before you start benefiting from net metering for solar you have to get your panels installed. By using a professional solar energy company like Rising Sun Solar Solutions, you can ensure that all of the tips in this article are applied to your system. 

Rising Sun customizes your solar panels to ensure their greatest efficiency and to match your power supply needs. This allows you to generate enough energy for net metering to be the most cost-saving to you.

Begin by contacting Rising Sun for a free estimate or to talk more about net metering in your area.