If you’re considering the switch to solar power, you may have some questions. Many homeowners wonder about how long installation takes, what the upkeep entails, and how much they can reduce their reliance on fossil fuels. But one other question almost always comes up – what kind of savings can they get with solar power? Learn more about the billing mechanism known as net metering and how you can save money while going green with help from Vision Solar.
Understanding Solar Energy
To power your home with solar energy, you’ll need to have solar panels installed on your roof. There, they’ll absorb the power generated by the sun, also known as photovoltaic energy, and convert it to direct current (DC) power. Next, an inverter converts DC to alternating current (AC), which can be used by all of the appliances, electronics, and other powered components in your home.
At the same time, your solar system includes another key component to ensure you’ll have power even when the sun goes down. Thanks to a powerful battery, the system can store power to keep all the electronic devices you depend on up and running both day and night. Plus, it can even produce more power than your household ends up needing, which is where net metering comes in handy.
How Does Net Metering Work?
During the day, your panels will collect photovoltaic energy to power your devices but will generally absorb more than is needed to keep your household functioning. This is due to the advanced design of your panels and their substantial size. Whether you’re at work or just out running errands, you’ll be producing more energy than you need on most days.
When your system generates excess energy, you can sell it back to the electrical grid to get significant savings. This process, known as net metering, simply requires that your home is equipped with an energy net meter. If your home already has one and you have leftover solar energy at the end of your billing cycle, then your meter will run backward, giving you a useful credit on your next energy bill.
Depending on different state laws, power regulations, and policies, you may be compensated for net metering differently. However, when solar panels generate more energy than a household needs, an average of 20 to 40% of its output is loaded back onto the grid. In the state of New Jersey, residents with solar panels are projected to save approximately $12,062 over 20 years, making an investment in solar well worth it. Additionally, between the home’s built-in battery and the benefits of the net metering process, you won’t ever need to worry about losing power during cloudy spells.
Learn More about Powering Your Home with Solar
Day or night, your solar system ensures you have the power needed to keep appliances, entertainment devices, and other electric-powered items running no matter what. Best of all, you can reduce your utility costs by taking advantage of net metering.
If you’re interested in making the switch to solar, contact Vision Solar today. Our team will explain the process and walk you through every step, from designing your system and obtaining permits to activation in just 30 days, and installation can be completed within a 24-hour window. To learn more, check out our FAQs or request a free quote online.