Net Energy Metering (NEM)

Net Energy Metering (NEM) has revolutionized the way we approach residential and commercial solar energy systems. This innovative policy allows solar panel owners to connect their systems to the grid and receive credits for the excess electricity they generate. With NEM, when solar panels produce more electricity than is consumed on-site, the surplus power is fed back into the grid, spinning the electric meter backward and effectively "banking" energy credits. These credits can then be used to offset the electricity consumed from the grid during periods when solar production is insufficient, such as at night or during cloudy days. NEM provides a financial incentive for individuals and businesses to adopt solar power, as it enables them to save on their electricity bills and potentially earn income from their excess generation. This policy promotes renewable energy adoption, reduces dependence on traditional fossil fuel-based power sources, and fosters a more resilient and decentralized energy grid. By empowering energy consumers to become energy producers, Net Energy Metering encourages the widespread adoption of clean and sustainable solar energy, driving the transition towards a greener and more sustainable future.