Definitions for "Net Metering"
Agreement between the utility company and the system owner allowing for ‘banking’ excess power produced by a solar system in the electric grid and ‘drawing’ from the electric grid when more power is needed.
A set of rules that utility companies need to comply with for their customers who want to install their own electricity generation equipment and tie it into the grid.
In the fall of 1998, New York State Governor George Pataki signed the Solar Choice Act, which requires all the investor owned electric utilities in NYS to allow residential customers to interconnect PV (solar electric) systems to the utility's distribution systems. These grid-connected PV systems allow residential customers to run their electric meters backwards, offsetting their normal utility bill. Other than the renewable energy system, no special equipment is needed.