Net Energy Metering

Net Energy Metering (NEM) is a billing arrangement that allows homeowners and businesses with renewable energy systems, like solar panels, to use their energy locally while sending excess power back to the grid. When they produce more energy than they consume, they earn credits that offset their future electricity bills. Essentially, NEM helps balance the energy produced and consumed, promoting renewable energy use while ensuring that users only pay for their net energy consumption. This system encourages investment in clean energy and supports a more sustainable power grid.