Net metering is a solar incentive that allows you to store energy in the electric grid. When your solar panels generate more energy than your home is using, that excess energy flows to the electric grid for others to use. This “spins” your electric meter backwards, crediting you for any energy you provide to the grid. When your energy demands exceed what your panels are producing, generally in the evening, the home will pull energy from the grid and “spin” your electric meter forward.
Every kWh produced in a given month within the threshold of total consumption will be credited at a dollar-for-dollar retail rate. Excess electricity in a given month will be credited at a wholesale rate. These credits can be used in subsequent months and do not expire.