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Net Metering Policy Promotes the Development of Photovoltaic Industry

Date:30th March,2022 |Author:Bill Chan|Vistors:96402

Net Metering Policy Promotes the Development of Photovoltaic Industry
Beginning in the 1990s, parts of the United States began to develop gradually. Today, more and more countries have formulated net metering policies, which obviously effectively drive the development of the distributed photovoltaic industry. The development of the photovoltaic industry has played an important role in carbon neutrality, energy balance and safety, saving coal for power generation, reducing environmental pollution, and reducing electricity consumption.
The core of the net metering policy is the net metering tariff. The power grid company uses a special meter to count the electricity consumption and power generation of the user. Through the deduction of the two, the final electricity bill only calculates the part of the user's net consumption. Some countries even offer special subsidies for power generation.
Promoting the prosperity of the country's distributed PV industry through attractive net metering policies and PV policies.
The net metering policy can effectively stimulate the enthusiasm of rural users for self-supply of photovoltaic installed capacity, and promote the electrification process in rural areas. The large population base in rural areas and the wide construction area in rural areas are an advantage, which contains this huge development market.
The promotion of photovoltaic net metering method can greatly attract rural users to install distributed photovoltaics, and promote energy conservation, emission reduction and renewable energy development in rural areas. With proper incentives, rural users can be quickly attracted to participate in the development of photovoltaics, so that all rural residents can share the dividends of photovoltaic development, which will help China to achieve the goal of carbon neutrality in 2060 as soon as possible.
Countries that implement net metering policies include not only developed countries such as the United States, Australia, and the Netherlands, but also middle- and high-income countries such as South Africa, Argentina, and Brazil, as well as low- and middle-income countries such as Armenia, Bolivia, India, and Pakistan.
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