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 gets 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 approximately 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 the 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.
Frequently Asked Questions
Solar power net metering is a method where users can send back excess power generated in a solar panel to the grid in exchange for monetary compensation.
Net Metering works when any excess unused power is sent to the grid and this is only after the consumer has sufficient energy assurance. The metre coming along for net metering is usually bi-directional.
The benefits of net energy metering include:
- Reducing power wastage by sending excess power to the grid and in return, getting extra compensated for the power generated.
- Improved ROI assurance for the customer and an estimated 30% ROI is commonly gained.
Net metering solar is available almost across all states in India. However, the policy of net metering might vary from one state to another.
To avail net metering, consumers need to send an application to the local DISCOM with all the key details of the rooftop solar project along with the service fee. After assessing the application and ensuring all the feasibility conditions, an agreement is signed between the company and consumers for the net metering. Thus, a new net metre is installed.
In net metering solar, these are the data recorded:
- 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 cycle
At Freyr Energy, we assist all of our consumers who are willing to avail the benefits of net metering. We help with all necessary documentation and paperwork beforehand and ensure a hassle-free service is available.