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Net Metering:
Net metering is an electricity policy for consumers who own (generally
small) renewable energy facilities, such as wind, solar power or home fuel
cells. "Net", in this context, is used in the sense of meaning "what remains
after deductions" — in this case, the deduction of any energy outflows from
metered energy inflows. Under net metering, a system owner receives retail
credit for at least a portion of the electricity they generate. Most
electricity meters accurately record in both directions, allowing a no-cost
method of effectively banking excess electricity production for future
credit. However, the rules vary significantly by country and possibly
state/province. Most net metering laws involve monthly roll over of kWh credits, a small monthly connection fee, require monthly payment of deficits (i.e. normal electric bill). Unlike a Feed-in Tariff or time of use metering (TOU), net metering can be implemented solely as an accounting procedure, and requires no special metering, or even any prior arrangement or notification.
Net Metering is generally a consumer-based renewable energy incentive. While it is important to have Net Metering available for any consumer that interconnects their renewable generator to the grid, this form of renewable incentive places the burdens of pioneering renewable energy primarily upon fragmented consumers. Often over-burdened energy agencies are not providing incentives on a consistent basis and it is difficult for individuals to negotiate with large institutions to recover their Net Metering credits and/or rebates for using renewable energy.
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Solar Energy
