With a properly sized and installed solar system, it is possible to significantly reduce or even eliminate your electric bill. However, whether you will completely eliminate your electric bill depends on various factors, including your energy consumption, the size of your solar system, and local regulations or utility policies. With net metering you will still receive an electric bill from your local electric company.
Here are a few scenarios to consider:
Net-zero energy: If your solar system is designed to produce enough electricity to meet or exceed your energy consumption, you can achieve a net-zero energy status. This means that over the course of a year, the electricity you generate from your solar panels offsets the electricity you consume from the grid, resulting in a minimal or zero electric bill.
Energy credit accumulation: In some regions with net metering policies, excess electricity generated by your solar system is fed back into the grid, and you receive credits for that exported electricity. These credits can offset your future electricity consumption during times when your solar system doesn't produce enough electricity, such as at night or during cloudy periods. In this case, you may have a reduced or even zero net electric bill, but you may still have some minimal connection or administrative fees.
Utility charges and fees: Even with a solar system, you may still have some charges or fees from your utility company that are unrelated to your energy consumption. These charges can include connection fees, distribution charges, or taxes. While solar can significantly reduce your energy costs, these additional charges may still appear on your bill.
Depending on the time of the year when you use more electricity could affect whether you can drastically reduce or eliminate your electric bill. Higher winter bills will be more difficult to offset due to the shorter days and less sunshine in those months. Ask for a monthly comparison to see your estimated offset of your current electric bill.
It's important to note that the size of your solar system should be carefully considered to align with your energy needs and goals. A larger system can generate more electricity, potentially leading to greater bill savings, but it may also require a higher upfront investment. Consulting with a reputable solar installer and considering your specific circumstances can help determine the optimal system size for your needs. Additionally, utility regulations and policies regarding net metering, energy credits, and billing structures can vary by location. It's advisable to check with your local utility company or consult with a solar professional to understand the specific details and potential impact on your electric bill in your area.