What is Net Metering?
Net metering is a billing mechanism that allows owners of solar energy systems to receive credit for the electricity they generate. It is a system in which a bi-directional meter tracks the flow of electricity both to and from the grid for consumers who have renewable energy generation systems, such as solar panels, wind turbines, or other sources.Net metering allows consumers to offset their electricity costs by effectively using the grid as a virtual energy storage system. It is a popular incentive for promoting the adoption of renewable energy sources, as it provides an economic incentive for individuals and businesses to install and use solar panels and other renewable energy technologies