Net Metering in Egypt
A Zero Bill Solution
Can we reduce our monthly electricity bill, even make money at year end from our solar system, reduce our carbon footprint and contribute to a better society? well, the short answer is DEFINITELY.
But how? Net metering scheme is a newly introduced energy solution to businesses and home owners to allow them to "produce their own electricity" . This is simply done by feeding the national grid by day and consume the difference all day long; whenever your consumption is below your production of energy via solar energy, you get to be credited and vice versa. The net of both consumption and production is then calculated at the end of each year and the difference is only what you get to pay or receive via bank transaction.
Profitable approach to Solar
While shifting to renewable energy might seem to harm profitability, its actually the other way around. Solar energy is now a profitable alternative to businesses in Egypt and the world due to many reasons;
Governmental support programs (why build centralized multi-million dollars power stations while each business and household can build it's own power station)
Reduced electricity bills reaching up to zero
Financial & legal support of the Central Bank of Egypt along with the European Bank for Reconstruction and Development (EBRD)
Unmatched levels of solar radiation in Egypt which reaches almost 7 sun hours/day
Availability of a local manufacturers and installers that could reduce lead time and cost
Availability of local skilled labor
Last year, business have spent According to the "Solar Means Business 2017", the impact of corporate solar on the environment has been significant. Businesses like Amazon, Ikea, Target and Apple are now seeing a drastic shift to solar with Target topping the list with 200 MW of installed solar modules to it's name.
"To leading companies across America, deploying solar is a common-sense business decision, "Abigail Ross Hopper, president and CEO of the Solar Energy Industries Association, said in a statement. "Large corporations have found that going solar not only benefits the environment, but also their bottom-line, satisfying both shareholders and customers alike."