What is Virtual Net Metering?
Virtual Net Metering (VNM) allows multiple consumers to benefit from a single solar power plant that is not necessarily located on their premises. It enables energy credits from the solar generation to be distributed across multiple electricity connections, making solar power accessible to tenants, apartment dwellers, and consumers without direct rooftop access.
With VNM, consumers can participate in a shared solar project and receive credit for the electricity generated by their portion of the plant. This is particularly useful in urban areas where space for individual solar systems is limited.
How Does It Work?
- The solar plant is installed at an off-site location.
- The generated power is fed into the grid.
- Electricity credits are allocated to participating consumers based on their share.
- Consumers see a reduction in their monthly electricity bills.
Key Benefits
- Enables access to solar energy for apartment residents and renters.
- Encourages optimal use of space for solar installations.
- Supports renewable energy adoption at scale.
- Reduces carbon footprint across communities.
Virtual Net Metering is a smart step toward democratizing clean energy. It plays a crucial role in making solar energy accessible, affordable, and scalable—especially in cities with space limitations.