What is Net Metering?

Net Metering in Ontario uses electricity produced by your solar system to directly power the electrical needs of your home or business.  When more energy is generated than you use, the surplus is transferred to the electrical grid and you accumulate credits that are applied when you produce less than you use. Credits are accumulated during periods of peak production and used during times of low solar production such as inclement weather, darkness or in the winter months. You have 11 months to use your credits to offset the cost of future electricity bills.

With Net Metering you only pay when you use more than you produce; the Net difference. Global Point can design a system that will cover all your electrical needs. We analyze your current usage and design a system that covers all your usage averaged out over the year eliminating most of your electricity bill.*

*Fixed utility charges will be billed.

How Does Net Metering Work?

How Solar Works

How Solar Works

  1. Solar energy is collected from photovoltaic solar panels. Panels can be installed on your roof or ground mounted.
  2. Inverter converts DC (Direct Current) electricity to AC (Alternating Current) that’s compatible with your utility’s grid.
  3. AC energy supplies your current household electrical needs.
  4. Surplus energy is fed to the grid providing you with energy credits to be used when your usage is greater than solar production

Electricity Rates Continue to Rise IMG00064

From May 2006 until May 2016 average electricity rates rose  85%, an average annual increase of 8.6%.

From May 2011 until May 2016 average electricity rates rose 56%, an average annual increase of  11.3%.

In 2017 the Ontario government instituted the “Ontario Fair Hydro Plan” that promises to hold rate increases to inflation for 4 years. Be prepared for year 5 with your own generating plant for your farm or business. Rates are expected to rise significantly. 

The more rates rise, the more benefit Net Metering provides because the dollar amount offset by solar power grows in value.

Source: Ontario Energy Board – Historical Electricity Prices

Links to Net Metering Information

Hydro One Net Metering 



To learn more about Net Metering, click here. One of our solar experts will be happy to tell you more.