Net Energy Billing

Net Energy Billing is a utility billing arrangement that allows customers with renewable energy systems, such as solar panels, to receive credit for the excess energy they produce and send back to the electrical grid. Under this system, the energy produced by the customer is measured and credited against their electricity consumption, effectively reducing their overall energy costs. The customer is billed for the net energy they consume, which is the difference between the energy they draw from the grid and the energy they generate and supply back. This arrangement promotes the use of renewable energy sources by incentivizing individuals and businesses to install their own energy systems, thereby contributing to energy sustainability and reducing reliance on fossil fuels. Net Energy Billing often helps to stabilize energy prices and can lead to significant savings for participants while supporting local energy generation.