But have you ever thought about how solar panel systems work when you are not home to use the generated electricity during the day? Or what happens with the solar panel electricity generation during the nights. You will still benefit from these situations through the net metering system.

Any typical PV system that is tied to the grid generates large amounts of energy that is more than required by the customer on peak daylight hours. This excess energy is fed to the grid so that it can be used elsewhere. If you are eligible for net metering, then you can receive credit for the excess energy generated by your solar panel system. You can use this credit to draw electricity from the grid during the night or on cloudy days when the electricity produced by your panels is not enough.

Read about: Solar Panels for Your Home in 2023

Net metering

Net metering is a utility billing device that generates a credit for both residential and business customers who make excess electricity through their solar panel systems and feed it to the grid.

Rooftop solar systems often generate more than the required amounts of electricity. When you have net metering, you are only billed for the net energy usage every month. This means you are billed for the amount, which is the difference between the energy generated by your panels and the electricity consumed by your home over a month.

With net metering, you can save a lot of money every year on utility bills. This even reduces the strain on the grid because your solar panel generates the electricity in amounts that are consumed immediately. Reducing the need to send the extra electricity over long distances to power plants will minimize energy loss from the panels.

Storage systems

If you have a storage system, you can save the generated energy on-site. With this, you can reduce the dependence on the use of grid electricity. In case of power outages, you can simply use the electricity preserved in the storage systems.

These benefits are increased if the storage system includes software monitoring. With software monitoring, you can monitor solar production, check home energy usages along with utility rates and determine which power source to be used throughout the day. By this, you can maximize the use of solar energy by storing power to use during outages and reducing peak-time charges.

If you want to switch to solar panel systems and see how much you can save on your utility bills, Contact Waaree. Call us at 1800-2121-321 and get high-quality and cost-effective sustainable energy solutions.

You can also read: What do Solar Panels do at Night?