What is net metering?
Net metering is a type of electricity meter configuration used with household solar systems. With net metering, the energy generated by the solar system is used by the household first and then any excess is exported to the grid. The customer is paid a feed-in tariff for these exports. All the energy that the household uses that is not supplied by the solar system must be purchased from the grid.
New solar systems generally use net metering. With the end of government subsidies such as the NSW Solar Bonus Scheme, which provided generous feed-in tariffs, it is recommended that customers switch from gross to net metering. By signing up to Mojo, you’ll get your meter replaced at no extra cost – saving an electricians fee of up to $700 for the upgrade.
For information on gross metering, click here.