Grid-Tie Net Metering
Net metering is the lasting financial benefit available after purchase and installation incentives are realized. The power generated by a grid-tie system is utilized by the home or business, but any excess power is fed back into the utility grid. This results in the electric meter either slowing down or spinning backward in proportion to the amount of energy generated and consumed. The utility customer then receives a credit of approximately .19 per kwhr for the power produced (actual credit will need to be verified with homeowner’s electric company). Solar electric systems are designed to offset a percentage of one’s annual electricity consumption.