Maximize Your Solar Investment with Net Plus Accounting
Track every detail of your solar finances for optimal returns in Sri Lanka.
What is Net Plus Accounting?
How Does Net Metering Work in Sri Lanka?
Solar Power Generation: Your rooftop solar panels convert sunlight into electricity, powering your home or business.
Excess Energy to the Grid: If you produce more electricity than you need, the extra power is automatically sent to the CEB or LECO grid.
Grid-Supplied Power: When your solar panels don’t produce enough energy, you draw electricity from the grid as usual.
Net Energy Calculation: Your utility company (CEB or LECO) calculates the difference between the electricity you export to the grid and the electricity you import from the grid. This is your “net” electricity usage.
Billing with Credits: You are billed only for your net electricity consumption. If you generate more than you consume over a billing cycle, you receive credits that can be carried forward to future bills, helping you save even more.
Benefits of Net Metering for Sri Lankans:
Significant Electricity Bill Savings: Drastically reduce or even eliminate your monthly electricity bills, especially with Sri Lanka’s rising electricity tariffs.
Protection from Tariff Hikes: Lock in lower electricity costs for years to come by generating your own power.
Increased Property Value: Solar panels and net metering can make your property more attractive to potential buyers.
Environmentally Friendly: Contribute to a greener Sri Lanka by using clean, renewable solar energy and reducing your carbon footprint.
Support the National Grid: Help reduce the strain on the national grid during peak demand periods.
Net Metering Scheme in Sri Lanka:
Sri Lanka has a well-established net metering scheme. The Sustainable Energy Authority of Sri Lanka (SLSEA) plays a crucial role in promoting and regulating it. Key aspects include:
Eligibility: Most residential and commercial customers of CEB and LECO are eligible.
Application Process: You’ll need to submit an application to your utility provider through a registered solar installer.
Agreement: A net metering agreement is signed between you and your utility provider.