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What is Net-Metering?

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What is Net-Metering?

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Net metering allows your electric meter to go backwards when you are producing more electricity than you are using. Essentially, it indicates how much electricity you pulled from the grid rather than the amount of electricity that you used.

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Normal metering performed by utility companies measures the amount of energy you draw from the electrical grid. Net metering is the process of measuring both the amount of energy you draw from the grid and the amount of energy you put back into the grid. The benefit to net metering is that you get credit for energy you put into the grid, accomplished by the electric meters capacity to spin both forwards and backwards.

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Net metering is a regulatory policy that allows people to sell electricity back to the grid from their own renewable energy facilities, such as a solar array or a wind turbine, incentivizing renewable distributed energy generation projects. The Energy Policy Act of 2005 pushed utilities to adopt net metering as a policy but enforcement and program design has fallen mostly to the patchwork of state utility regulators.

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Net metering is a system available in some parts of the world to encourage consumers of electricity to invest in alternative methods of energy generation such as wind turbines and solar panels, while still using commercial utilities. Customers who take advantage of net metering have a normal electricity meter which runs backwards when they are generating more power than they need, essentially generating an instant refund. The excess power that they generate enters the general utility grid, allowing them to pass on their alternatively collected energy to other consumers. In the United States, over 30 states allow net metering, and others are considering measures to encourage the practice. In Europe, net metering is widespread, thanks to initiatives undertaken by the European Union. Net metering is viewed by many alternative energy advocates as an easy, productive, and useful program which helps power utilities and consumers alike. Utilities get more alternative power produced using clea

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Net metering is an electricity policy for consumers who own, generally small, renewable energy facilities, such as wind or solar power. “Net”, in this context, is used in the sense of meaning “what remains after deductions” — in this case, the deduction of any energy outflows from metered energy inflows. Under net metering, a system owner receives retail credit for at least a portion of the electricity they generate. The ideal has your existing electricity meter spinning backwards, effectively banking excess electricity production for future credit. In reality, the rules vary significantly by country and possibly state/province; if net metering is available, if and how long you can keep your banked credits, how much the credits are worth (retail/wholesale), etc.

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