The rapid growth in the world’s population and an increase in urban lifestyle has left a drastic impact on natural resources. While our consumption habits are not only draining these resources, but the fluctuation in the prices of oil, gas, and coal has led to a massive increase in energy prices.
On the other side, more and more people are trying to adopt an environmentally friendly approach by installing solar energy systems along with solar metering to generate their energy. This way, they are not only able to save on their energy costs but are also contributing towards reducing their carbon footprint.
How Does A Solar Meter Work?
Your solar power system is directly connected to the main grid. This means that whatever excess energy your system is producing goes back into the grid. Having a solar meter installed on your property enables you to calculate the energy your solar panels produce and what you consume from the power grid.
Additionally, there are days, usually during summers when your solar panels produce more electricity than you actually require. Whenever the excess power goes into the grid, you receive the credit for the energy your system has produced making your meter run backwards. You can use this credit later when your solar energy system isn’t producing the required amount of energy without having to pay for the electricity that you consume.
Still confused how solar metering helps with lower energy bills?
Let’s make it simpler.
If you are a homeowner or a business owner with a solar power system installed on your property, whenever your system produces extra energy than your usage, let’s say during the daytime; it goes into the power network grid. Solar metering enables you to get credit for the electricity your system has added to the grid. At night time, when your energy consumption is more while there’s no sunlight for your solar power system to generate electricity, you can use the electricity from the grid against the credit that you earned.
Some Added Perks Of Solar Metering
Although lower energy bills and reduced carbon footprint are sufficient to persuade you towards having a solar meter installed on your property, there are some long term benefits of solar meter installation you surely don’t want to miss.
Increased Resale Value For Your Property
While you enjoy the benefits of solar metering on your property, you are probably unaware of the fact that having a solar meter installation adds to the resale value of your property. Once you plan to sell it, your potential buyers are surely going to pay you more for this extra beneficial feature. Therefore, you not only get to enjoy the benefits while you own the property, but you can also sell it for a higher price later on.
A Higher Return On Investment
Opting for solar metering enables you to pay only for the difference in the power your solar panels generate and the power you consume from the grid. Therefore, you get to save a handsome amount of money you would have otherwise spent on paying your energy bills. And while it is rightly said, “Penny saved is a penny earned”; these energy savings eventually add up to provide you with a higher return on investment. This way you get to save more than what you had originally spent on your solar system installation.
Since solar metering enables you to use your solar power system to the fullest, it can be the best choice you can ever make considering all its long and short term benefits. If you are ready to give back to the environment, it’s high time you consider solar meter installation for your Newcastle property.
At Integrum Power Group, we are your reliable level 2 electrical contractors for solar metering on your homes and businesses in Newcastle.
Call us today.