I never knew what net metering was until my electricity bill skyrocketed to $600 last February. I was desperate for a way to reduce our utility costs, which skyrocketed in the winter because we use electric heaters.
That’s when I learned about a state law that requires Colorado utilities to credit homeowners who send power back to the grid at the same rate they would pay to buy power from the power company. This policy made adding solar to my home a good investment.
Benefits of Net Metering
- Forces utilities to discount homeowners’ bills for any energy generated by their solar panels that they don’t use.
- Encourages homeowners to invest in solar panels, which can reduce utility bills.
- Helps to create a level playing field for homeowners and large solar farms.
I’m a fan of net metering because it makes the economics of solar power work in my instance.
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