Net Energy Metering (NEM) is a billing arrangement that provides credit to homeowners with residential solar systems, for the full retail value of the energy their system produces. Under NEM, the homeowner’s electric meter keeps track of how much energy has been consumed by the family and how much excess energy is generated by the system and sent back into the electric grid.
NEM is an opportunity to optimize the rate of return on your solar investment.
It credits customer accounts at full retail rates.
It allows customers to zero-out their bills.
It accurately captures energy generated and consumed and also provides customers with annual performance data.
We at Nugrids Solutions, support renewable energy and partner with homeowners to ensure safe and reliable interconnection of renewable energy into the electric grid. Homeowners who generate their own electricity with renewable energy sources, we help them interconnect with the electric grid and receive bill credits for excess generation.