Net metering is a billing mechanism that credits solar energy system owners for the electricity they add to the grid. On average, only 20-40% of a solar energy system’s output goes into the grid, and this exported solar electricity generates credits which can be used to offset any nighttime energy use supplied by your utility company.
Solar panels are viewed as upgrades, like a renovated kitchen or a finished basement, so purchasing a solar energy system will likely increase your home's value. Studies show that homeowners pay a premium for a solar home; one study by Lawrence Berkeley National Laboratory showed that on average, solar increased the value of a home by about $15,000. Although market factors like electricity rates and system size may impact the size of the premium, solar homes can sell for more than homes without PV.
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Josh Thomas
Sarasota, Florida
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New Jersey
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