Net Metering Savings Calculator
Calculate your savings with net metering and time-of-use electricity rates
About this calculator
The Net Metering Savings Calculator helps solar panel owners determine their potential electricity bill savings by analyzing net metering credits and time-of-use rate structures. This tool evaluates how much money you can save by selling excess solar energy back to the grid during peak rate periods and consuming grid electricity during off-peak hours. By inputting your solar production data, electricity usage patterns, and local utility rates, you can optimize your energy consumption schedule and maximize your net metering benefits for significant long-term savings.
How to use
Enter your monthly solar energy production, average electricity consumption, and local utility rates including peak and off-peak pricing. Input your net metering rate and any applicable fees or credits from your utility company. The calculator will analyze your energy export/import patterns and display your projected monthly and annual savings based on optimal time-of-use scheduling.
Frequently asked questions
What is net metering and how does it work?
Net metering allows solar panel owners to sell excess electricity back to the grid, earning credits that offset future electricity bills when solar production is low.
How do time-of-use rates affect my savings?
Time-of-use rates charge different prices throughout the day. You save more by using stored solar energy during expensive peak hours and grid power during cheaper off-peak times.
What information do I need to use this calculator?
You'll need your solar system's monthly production, household electricity usage, local utility rates, net metering rate, and any applicable fees from your utility company.