How does Net Metering help to eliminate my electric bill?
Net metering is a special metering and billing agreement between you and LIPA. Net metering is the key value driver for a solar system. Your solar system may produce more electricity than you can use during the day. When this happens your meter will run backwards. You will send excess electricity to LIPA, and generate a credit on your account. At night, your solar system will not generate electricity. You will receive electricity from your utility, and consume your credit. Your electric meter measures and tracks the difference between the amount of electricity you receive from LIPA and the amount of electricity you generate from your solar system. Your monthly statements will show the net amount of electricity consumed or produced during the month. Credits and usage will vary monthly and you may generate more credits during sunny months and use up the credits in other months.
