Net Metering

Net Metering which is when the utility (electricity bill) has to credit the system owner with retail rates for PV generated energy within some limits, makes utility interactive PV systems a reality. Under net metering, the utility is required to pay the system owner retail energy rates for every *kiloWatt-hour (kWh) of energy put into the grid, meaning the system owner is credited at the same rate at which she is charged. The catch comes when the system generates more energy that its owner can consume. Each utility has its own way of handling this situation; it can credit the account or take the credit itself. Do you know what is the case in your country? Are you familiar with Feed-in Tariff (FIT)?

*One kWh is equal to one unit of electricity meter connected to your house.