As a business owner or executive, you know a good deal when you see one, which is why you’re interested in learning more about commercial solar. Net metering is one reason why solar is such a good deal for Rochester business owners – it allows you to earn money, save on energy costs, and make a big difference in your company’s bottom line.
What is net metering?
Simply put, net metering is a billing system used by utility companies that allows solar energy system owners to bank credits for any excess electricity they add to the grid. These credits can then be applied to offset future electric bills.
For example, summer is primetime for solar energy production. The long, sunny days typically result in an overproduction of energy. Net metering allows you to earn credit for this energy and apply to your electric bill in the winter, when your system is likely to produce much less energy due to the shorter, darker days.
In other words, all that clean energy your system overproduced in the summer doesn’t just go to waste! Those hard-earned credits and savings can still be applied at a later date. Net metering is why solar energy works so well in Rochester, despite our snowfall or overcast skies.
How can net metering help my business?
Heating and cooling costs for businesses can account for nearly 25% or more of energy consumption. Solar can help to reduce this expense, allowing businesses to cut operating costs and apply these savings elsewhere. Think about it this way – the energy you produce during the summer can help to offset your winter heating costs, which allows you to save money in both the long and short term.
Is there any hardware required?
In addition to solar panels, the most important piece of equipment needed for net metering is an electric meter, which should already be installed by your local utility provider. In addition to our app that allows you to review solar energy system performance in real time, your electric meter allows you to see exactly how much energy your system is producing.
One of the greatest benefits of net metering is that it can help your business save with solar energy all year round. It allows you to get the most out of your solar energy system and reduce costs in the process. In addition, solar energy and net metering allows businesses to have greater control over their electric costs.
Ready to learn more about how much net metering can help your business save? Fill out the form below and one of our solar advisors will be in touch!