Solar Net Metering can be a little bit different depending on a utility company’s policies, but in general it means that any energy production will be returned to the producer on a credit for credit basis. In solar PV system generation, this usually means that any kWh you produce will be directly redeemable as a kWh credit for future use. For example, if your home uses 7,000 kWh per year and has a solar PV system that produces 7,000 kWh per year, you would be able to reduce your monthly bill from kWh to zero. This does have some caveats, so it is important to have a solar professional advise how a net metering program will work with your utility provider, and how it can affect the ROI on your system.
The Duke energy net metering rate structure was terminated as of July 1st, 2023. New solar systems installed in Duke energy territory, are now eligible for the Bridge rate or TOU rate structure. Each utility company and utility Co-Ops may have different rate structures for purchasing back solar power.