How is your electricity bill affected with a solar power plant:
• Import: It is the energy that you are taking from the grid.
• Export: It is the energy that you are giving to the grid.
• Net import: It is the difference between import and export in case you are producing less than your consumption.
• Net export: It is the difference between export and import in case you are producing more than your consumption.
For better understanding, let us assume that your daily electricity consumption is 10 units.
There are three possible scenarios which can arise after you install an on-grid solar power plant at your premise:
1. Your solar plant is generating less than 10 units (net import):
Say your power plant is producing 6 units in a day. The balance 4 units will be taken from your existing supply line. Before installation of solar power plant, you were paying for all 10 units being consumed in a day. But now, since you are only taking 4 units from the grid, you will be charged for 4 units per day, thereby reducing your energy bill by 6 units per day.
2. Your solar plant is generating more than 10 units (net export):
Say your power plant is producing 14 units per day. Now you have a surplus of 4 units per day which will be given to the grid. This energy can be utilized anytime in the future in case your power plant produced lesser energy than your consumption. It is like giving something when you have extra and taking it back when you need it. Some states also have a policy of paying to the customers in case there is a net export to the grid, which is settled at the end of the month.
3. Your solar plant is generating equal to 10 units:
In this case, since you are generating energy equal to your consumption, you are not taking any energy from the grid, neither are you giving any energy to the grid. Therefore, your energy bill will be zero.
Contact our team in case of any query.
