What is Net Metering?
Net metering allows NOVEC customers with solar power systems to feed excess generated electricity back into the grid. Simply put, many solar customers produce more power than they would typically use during the daylight hours; therefore, net metering provides an outlet for them to export this excess power to their utility to offset their future electric bills.
How it works
Once the installation of a net meter is completed, NOVEC is able to measure the electricity produced as well as electricity used at a customer’s home. Energy that isn’t immediately used by a customer can then be applied to offset future electric bills. In Virginia specifically, customers tend to produce more energy in the Spring and Fall, and less energy in the Winter and Summer.
In Virginia, the State Corporation Commission has regulations for governing net-energy metering in place.
- Regulations Governing Net Energy Metering in Virginia
- Net Energy Metering Caps and Remaining Capacity (NOVEC tariff NEM-10)
For more information about Net Metering and to get started, please email email@example.com.