NET METERING for SOLAR POWER PLANT

What  is NET METERING ?

As Lobel Solar Net metering is a billing mechanism that credits solar energy system owners for the electricity they add to the grid.

Net metering allows residential and commercial customers who generate their own electricity from solar power  to feed electricity they do not use back into the grid.

How It Works as per Lobel Solar Power System ?

Let’s say that you have a solar Photovoltaic (PV) system installed in your home. That system is generating power, and that power is converted from direct current (DC) to alternating current (AC) via an string inverter or micro inverter so that it can be used throughout your home.

However, while you’re away from home; at work and the sun is strongest, not all the energy your home solar PV system generates is actually being used by your home, and this is where net metering comes into play. 

Benefits & Advantages of NET Metering

• Reduction in Energy Bill
• Become your own Energy Source
• Less Pay Back period
• Less Dependence on Utility Company
• Conservation of Nature – No Carbon fuels – No Green House Gases Emission
• No Maintenance– Hassel Free Power for next 15 years

With a net metering system, your electric company will absorb all the extra energy your home generates which matches the voltage of the electricity flowing through the power line and use it to power other homes where power is demanded. As that excess energy is being generated, your power meter spins backward rather than forward, giving you a credit that you can use to pay for your future energy use. In exchange, your electric company will give you credits that will apply to your monthly electric bill, thus saving you money. You can roll over excess electricity to your next bill, just as many cell phone companies let you roll over minutes). If you've generated more energy than you've used at the end of the year, your electric company may pay you back for  the extra power at the retail rate.