MORE ABOUT NET METERING
With a Net Meter System, all power generated by your system will go directly to your property’s main electrical service panel to satisfy your power needs. Energy generated beyond your needs will be fed back into the hydro grid.
A new Bi-Directional Meter is installed into your existing meter base. This meter will record all energy consumed by your property from the grid. The excess energy produced from your solar system travels back past the bi-directional meter and into the grid, winding the recorded kWh off your meter. In the event your system produced more energy than your property used during any given billing period, you would have a surplus meter reading.
DON’T JUST GIVE YOUR POWER AWAY – MAKE SURE YOUR NET METERING SYSTEM IS SIZED CORRECTLY
Some buildings or houses have enough usable roof space to install a renewable solar system large enough to offset all the property’s electricity usage for the year. However, your Net Metering System must be sized correctly to balance your solar energy generation and your electricity consumption.
For example, an average house uses between 9000 and 10,000 kWh per year. A 10kW, 40-panel system produces an average of 12,000kWh per year, creating a surplus 2000kWh balance on your hydro bill. You can carry forward excess balances (called net metering credits) from any billing period on your hydro bill for a rolling 12 months period to offset additional power needs. Therefore it is important that your net metering system is sized correctly to avoid creating free power for your LDC.