Becoming a ‘net metering customer’ of your local electric utility means that,
1. You have chosen to install a clean energy system that will supplement or surpassed your personal power needs.
2. You’ve connected that new supply to the city grid and have started tracking it’s energy production with a 2nd meter you’ve purchased.
Depending on how much power your personal system is producing your meter will slow dramatically, or even begin to turn backwards, showing that you’re making more energy than you had use for and that you’re essentially selling it back to the utility company through your gird connection.
How much am I selling the electricity back to the utility company for? Is there a limit to how much I can sell? The answer to these questions comes from a combination of Federal, State, and local utility incentive programs. Basicaly you'll get 60.5 cents back on the kWh and there is an annual cap of $2,000 per year. All 'money's back' come in the form of a credit on your next month's utility bill and do not come in the form of actual cash. For detailed intormation on the anatomey of the 60.5 cent statistic read up on the Substitute Senate Bill 5101, bloged on this website also.