Installing solar at your commercial location can give you a lot of
benefits including cost savings, contribution to greener environment,
sustainable energy and also consistent power supply. But, there is one thing
that can actually with time, turn your solar installation cost come back
completely into your pockets. That feature is known as net metering.
For those who know, we hope you are using it well. But, for those
who do not know what net metering is; net metering allows residential and
commercial solar power generators to sell their generated electricity to
someone else when they are not using it. Basically, if your office is off on a
Sunday, your solar plant can power any other infrastructure for its power
requirements at a set cost through net metering.
Why
Net Metering?
Because it is one of those features of installing solar plant,
especially in India, which can reverse your investment expense to almost zero
over a period of time. The solar plant will continuously generate power till it
get the required sunlight. So, when you are not in the need of using it for
your organization, net metering can help you sell the generated electricity to
the ones who do.
The
Support From Central & State Government
Many states have already passed net metering laws. In some of the
states, the service and utility providers of solar themselves offer the feature
of net metering voluntarily or as a result of regulatory decisions. However,
due to a difference in the allowance of central government, the respective
state government and other local body rules, the overall compensation provided
to the solar customers may vary a lot.
A
Strong Point To Sell
It is a known fact that during the day, solar customers,
especially the commercial ones generate more electricity than they actually
consume. This extra amount of electricity goes to the drain vault so that it
does not overload the system. But, with net metering you can, not only provide
enough power to your infrastructure, but can also earn credits for the extra
generated power left unused. So, the main crux of the net metering concept is
that the sustainable source of energy you get your electricity from can in turn
provide you a sustainable from of credit too.
Restrictions
Even though you can sell the electricity generated, it cannot
actually become your main source of income. The first reason is the limitation
from both central and state government so that this features remains a
privilege of cost cutting, but not misused for other reasons. Another
restriction is the limitation of supplying to others geographically. You cannot
supply the electricity generated to infrastructures far away from yours. Only
your neighbors or probably the building next to it may enjoy this benefit.
An
Opportunity
If you are a commercial building owner and have lent the building
out for commercial use, you can simply install a solar plant on your rooftop
and sell it to your tenants too. In this way, you can earn from the power
supply you generate independently without the requirement of using the plant
power for yourself.
Net metering in India is a relatively new concept and requires
immediate attention as it is a long-term beneficial addition to your solar
plant. India is accepting solar with open arms and is making the best of it.
With the government’s support in making India completely dependent on renewable
energy source, it is your part to make it come true faster along with you
enjoying the benefits yourself.
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