The integration of net metering into hybrid renewable energy systems significantly enhances their economic viability and promotes wider adoption of renewable technologies. This study employs Homer software to simulate and optimize various hybrid configurations, revealing that the inclusion of net metering reduces the cost of energy (COE) from $0.058 to $0.036 per kWh for systems comprising photovoltaic (PV) panels, wind turbine, diesel generators,and batteries. Net metering not only provides financial incentives for excess energy production but also improves grid stability and efficiency. Sensitivity analysis shows that rising diesel prices increase the COE for hybrid systems, emphasizing the economic benefits of net metering in mitigating such impacts. Additionally, net metering helps offset higher costs related to interest rates and capacity shortages, ultimately fostering a more resilient and cost-effective energy infrastructure. This study underscores the critical role of net metering in advancing sustainable energy solutions and supporting the transition to a renewable energy future.