ADVANTAGES OF NET METERING IN INDIA

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 The solar energy market is one of the most booming industries in India. Since it is still at a nascent stage, there are only a few players in the market. However, the industry is growing rapidly, and more players are set to enter and disrupt the industry. Not just companies, even individuals that install solar panels can earn profits. Therefore, by installing solar rooftop panels, you don't just earn profits, but also do good by the environment. Individuals can earn income through net metering. In this article, we are going to discuss net metering and its advantages.  

  

Let’s start with the meaning of net metering:  

  

Simply put, net metering is a solar power billing mechanism that allows solar power plant owners to earn money in exchange for excess power generated. In India, solar power plan and solar net metering is a relatively new concept, and yet it is regulated by the government. However, the regulations vary from one state to the other. There are two methods in net metering – off-grid and on-grid systems. 

  

Now, let’s understand the benefits of net metering of solar power plant:  

  

  1. Extra revenue: Installing a solar power plant requires a lot of capital. One way to recover this capital cost is by enrolling for a solar net metering system. If you have a sizable solar power plant, then your energy generation would be way more than the consumption. By opting for net metering, you don’t just earn extra revenue, but also allow others to use natural renewable source of energy over traditional electricity.  

  

  1. Low maintenance: When you connect your plant to the utility grid, you earn profits. These profits also help in maintaining the solar power plant and ensuring it runs to its maximum capacity. 

  

  1. Environment: Some do not have the capital to invest, while some do not have the required infrastructure. So even though they want to switch from non-renewable power to renewable power, they can’t. However, with net metering in India, now they can get their hands-on solar power, without installing huge solar panels. As mentioned earlier, by returning the excess energy generated to the grid, you make that energy accessible to those who do not have solar power installations.  

  

  1. Saves for tomorrow: In case the plant is down, you don’t have to worry about power. Because of net metering, you can generate and save today for tomorrow. Net metering in India becomes useful in areas that have receive heavy monsoon because the capacity of solar power plants reduces when it’s gloomy.  

  

If you have adequate resources and infrastructure to install a solar power plant, then you definitely should consider the option and also enroll for net metering in India to get an extra income. These were some of the benefits of net metering in India. There are two models – OPEX and CAPEX. If you want to know more about these models or advantages of solar net metering in India, then reach out

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