You might be a novice or an experienced solar panel system user and wonder how to interpret your solar electric bills.
Your bill will likely be lower depending on the size of your system. In either case, it’s great that you’re saving any amount of money and solar power is accepted by utility companies to be distributed on the grid. The bill will show the amount received or credit. In return for electricity sent to the grid, utility companies offering net Metering programs offer solar credits.
You can also use backup power solutions like the Tesla Powerwall to store your excess energy before it goes to the grid. Your bill will only show solar credits if you have excess solar power.
Once your PV system has been installed, your local utility will place a bidirectional meter at your home. Two readings are recorded and reported to the utility by the bidirectional meter.
- How many kWh (kilowatt-hours) are required to get from the grid to your house?
- How many kWh are required to connect your home to the grid
Utility companies that offer solar energy net metering programs subtract energy from what you send — all via the grid.
This subtraction will give you your “net consumption” for the month.
If your solar panel system produces more energy than your home and business use in a given month, the result will be negative. In this case, the credit is applied to the next month’s electric bills.
This post was written by a professional at Red Solar. Red Solar was started with the mindset of renewable energy being the future. We want everyone to travel through this transition. We can all agree that solar is the best way to reduce your carbon footprint, but it’s not the only way. During a Red Solar energy evaluation, all energy commons in your home will be analyzed for results. Our expert technicians will guide you through the process for better understanding and reassurance. Looking for the best solar panels Port Saint Lucie? Then contact us for more information today!