Net Metering is the billing arrangement with your utility that determines how you will get credit for any excess Photovoltaic generated electricity delivered to the grid. A 'net meter' tracks both the electricity consumed and the electricity generated by the on-site system. For example, when a residential solar PV system produces electricity, the electricity first serves the home's on-site electricity demand and any excess electricity is provided to the utility grid. If the residential solar PV system generates more electricity than the home uses, homeowners receive bill credits which can be used to offset future usage from month to month. This simple billing arrangement can make a significant impact on the economic viability of an investment in renewable energy.
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