What is the difference between SRECs and net metering?
Net metering refers to the amount of electricity you are being billed for by your utility company after you use all of the electricity you generate with your solar system. If you need additional power after you use the power your system generates, you will draw that power from the grid and be billed for the usage. If you don’t need all of the power you generate and you are feeding the grid electricity, this will appear on your bill as a credit. At the end of the year (usually on the anniversary date of your becoming a net metering customer), you will be paid for the difference. You will need to check with your utility company to determine the tariff they will use to compensate you. SRECs are earned based on your total production from your solar system, whether that power was consumed on-site or fed back into the utility grid. Every 1000kwh is equal to one SREC. This is completely separate from your net metering.
