What does self-consumption of solar energy mean?

PV self-consumption is the consumption of PV energy which takes place directly at source or in the immediate vicinity – either immediately or delayed with corresponding intermediate storage. Self-consumption becomes commercially attractive for a company when the costs of PV generation are below the costs of purchased electricity. In this respect, a PV system should be designed to best meet the company's power consumption. In addition to the energy cost savings, self-consumption can also obviate the need for additional lines to the grid-connection point; furthermore, transmission losses resulting from energy transport in the utility grid are not a factor.