Net metering is an electricity billing mechanism wherein, the consumers are allowed to sell the surplus energy generated by their solar system to the grid and get compensated for the same. The net meter is a single, bi-directional meter and can measure the current flowing in two directions.
Net metering substantially improves the return on investment (ROI) for a customer who owns a solar system. Our customers have experienced approx 30% ROI for the systems installed.
Almost every state in India has the facility of net-metering. However, the net-metering policy is not the same throughout the country and varies from state to state.
To avail the net-metering facility the consumer needs to submit an application with the local electricity distribution company (DISCOM) along with the details of the planned rooftop solar project and requisite fee.The DISCOM reviews the application and checks the feasibility of the solar project. Once approved, an agreement is signed between the consumer and the company, and the net-meter is installed.
Once the net meter is installed and the solar system is commissioned, the following parameters are recorded separately for billing purposes
- Units of electricity exported by the Consumer
- Units of electricity imported by the Consumer
- Units of electricity being billed for payment for the current billing period
- Units of electricity being carried over to the next billing period
Generally, if the units of electricity exported exceed the units being imported during the billing period, the excess shall be carried forward to the next billing period as credit. This, however, is governed by the policies of the DISCOM and varies from state to state.
Freyr Energy provides all necessary documentation support to customers so you can enjoy a hassle-free experience of going solar