Updated: Jun 24, 2020
The ever-increasing price of basic commodities in our country has forced many of us to take significant measures to save up in any way that we can. However, what many of us still do not know the option of having a solar panel installation to drastically save from your monthly electric bills and protect yourself from further increases in the price of electricity.
Solar energy systems convert the readily-available energy from the sun into electricity that can be used by your household. Since the amount of sunlight that is reaching your home at any given point in time varies, it will then need to work in tandem with the electricity grid to meet 100% of your electricity demand.
Since our old electric meters are not designed to handle two electricity sources (electric grid and solar), it will need to be replaced with what is called a bi-directional or net meter. You can click on this link to learn more about Meralco’s Net Metering program. Explained simply, a net meter allows you to sell the excess electricity from your solar PV system back to Meralco. Meralco will then consider the total amount of sold electricity as credit, which will be deducted from your monthly electric bill.
Basically, this is how you will be able to save from your monthly electric bills using a solar energy system and a net meter:
In the morning, your solar panels will probably produce less energy than your total consumption. All of this energy will be used by your home and the deficit will be taken from the electric grid. This way, you reduce the total electricity that you buy from Meralco.
During noontime, your solar panels can produce more energy than your total consumption. When this happens, the excess electricity will be sold back to Meralco. All of your electricity demand will be met by your solar energy system, which means that you don’t need to buy electricity from Meralco anymore.
In the afternoon, it will be the same case as in the morning.
During the evening, you will then need to buy 100% of your electricity demand from Meralco like you would normally do before having a solar energy system.
To sum it up quickly, solar energy systems work like another source of electricity for your home. Because of this, you will reduce your reliance on Meralco by buying less electricity from them. This also means that future rises in the price of electricity will hurt less for you since you are less dependent on them.
If you want to know how much you can specifically save from having a solar energy system, please do not hesitate to contact us anytime for a free energy analysis. After this, we will be able to give you a proposal that includes everything that you may need including a recommended system size, a quotation, a 25-year financial analysis (monthly savings, ROI, payback period, etc.), and our service package.
Engr. Jet Andal has 6 years of experience in the design and installation of residential, commercial and utility-scale solar PV systems. Together, and with the use of solar energy, let us help make the world a better place. You can click here to read all of our other blogs. For aspiring solar PV engineers, you can also check out his Solar PV Engineering Ebook on Amazon on this link.