A lot of excitement has been developing w.r.t Net Metering policy of Solar Power. Net Metering in simple terms is a policy to convert power users into power producers. Here, the idea is that instead of overall bill that a consumer receives, when he installs solar panels on his/her rooftop, the new bill is net of electricity that he uses of grid and units that his/her solar panels supply to Grid.
As part of the Udaipur Smart City Program, the Nagar Nigam of Udaipur has decided to provide extra 10 % of subsidy to homes going for roof-top solar power plants. Few important points to note regarding this subsidy are:
The net metering based rooftop solar projects facilitates the self-consumption of electricity generating by the rooftop project and allows for feeding the surplus into the network of the distribution licensee. The electricity generated by the solar power system is first used to service consumer’s captive load within the rooftop owner’s premises. The solar power generated in excess of the owner’s electricity consumption is fed into the grid through a net-meter, which is a bi-directional energy meter capable of registering both import and export of electricity. This net generation is then credited to the owner’s account and adjusted subsequently against imports from the grid.