What is Net Metering?
Net metering allows solar customers, including residents, businesses, schools and other public agencies, to receive full retail credit for the excess energy they deliver to the grid. This excess clean energy is exported to the grid for the utility to sell to the customers’ neighbors.
With net metering, consumers take control of their energy use through private investment and provide other ratepayers with clean energy and cost savings.
PRIVATE ECONOMIC INVESTMENTS FOR PUBLIC GOOD
Net metering is currently in place in 43 states. In California alone, net metering has leveraged $10 billion in private investment and will allow schools and public agencies to save $2.5 billion in energy costs over the next 30 years.
COST SAVINGS FOR EVERYONE
A study performed in January by Crossborder Energy found that net metering delivers more than $92 million in annual benefits to non-solar customers in California since it allows utilities to avoid costs from generating and delivering energy. Studies in Arizona, Colorado, and other states also highlight the financial benefits of net metering to non-solar ratepayers.
Net metering exports allow utilities to avoid the costs of generation and fuel, maintenance and upgrade of transmission and distribution infrastructure, transmission losses, capacity purchases, and compliance with state renewable portfolio standards, among other costs.
Net metering is the cornerstone policy for solar growth.