Net Metering: The Future of Solar in Canada
In the past, residential solar systems only generated power for that particular home during daylight hours. These types of systems required the installation of battery cells in the home to store power and provide electricity in the evening hours. However, as solar technology has drastically improved, the newest and growing type of solar system uses net metering.
What Is Net Metering?
Net metering allows residential homes with solar systems to not only generate electricity to power their own homes but also share any excess power they create by feeding it into their energy providers’ electrical grids. For instance, most people work during the day, so their electric use is significantly less than it is during the evening hours. All of this excess electricity created during the day is shared with other people connected to the same electric grid.
How Does Net Metering Work?
Net metering requires the addition of a monitoring device to track the amount of electricity being fed into an energy provider’s electrical grid, often in the form of a meter, similar to the one used by your electric company to determine how much electricity you use. The exported electricity is tracked and energy credits are issued. It is worth noting, currently, energy credits are paid directly to the individual, who can then use the money they receive to offset the actual costs of their electric bills.
Why Is Net Metering Beneficial?
Unlike traditional solar systems that only generated electricity for a single home, multiple homes benefit from the excess electricity your system generated. While those homes without a solar system do not get an energy credit payment, they still benefit from the excess electricity created by your solar system because the energy provider does not have to use natural resources to create electricity. As a result, it can help control the prices everyone pays for their electricity.
In addition, net metered electricity can help meet demands during peak hours and help reduce the overall strain on electrical grids. Some electric companies are exploring options of battery fuel cell plants to store net metered solar energy for use when it is needed most, like in the evenings and those hot summer days.
Furthermore, homes with solar systems have more control over their actual electric usage and costs. For instance, most people know on average, how much electricity they use each month. With a solar system on their home, over time, they will discover how much electricity is being created by the system, how much excess is being fed into the electric grid, and use this information to determine how much their system is offsetting their actual usage.
Plus, solar systems allow you to generate your own electricity efficiently, safely, and cleanly. So you can rest assured that you are reducing your carbon footprint and doing something good for the environment at the same time!
To learn more about solar solutions for your home and to see if your home qualifies, fill out our online form today!