What does the term ‘net metering’ mean?

Net metering is the policy of allowing a member’s generated kilowatt hours to be used at another time, effectively canceling out kilowatt hours that would normally have to be purchased from Escambia River Electric Cooperative at a time when the member-owned generation system is not generating. This is like keeping a ledger of how much energy you produce and use. For example, one could produce energy with solar panels during the day to add credits to the ledger and consume energy at night, taking credits off of the ledger. Escambia River Electric Cooperative does not net meter.