Net Metering Net metering is an agreement between a utility company and you, the customer. The agreement states that the utility will credit your account for excess electricity you produce and feed into the utility grid.
If you choose to install a Time-of-Use Meter you can be credited for power at different rates; peak rates and off peak rates. Rates are dependent on the time of day, day of the week, and month of the year. Peak periods are typically week day summer afternoons. When you send power to the utility grid during peak times, you will receive a credit at the higher, peak rate. When you draw on your credit at off peak times your account will be debited at off peak rates.
Most people will benefit by installing the time-of-use meter. Keep in mind that you will receive a credit from the utility when you are generating more power than you are using. If all of the power being produced by your solar energy system is immediately being used, your meter will not “spin backwards”.
Net metering is an agreement between a utility company and you, the customer. The agreement states that the utility will credit your account for excess electricity you produce and feed into the utility grid.
