Rooftop solar companies are breathing a sigh of relief – and are getting ready to install more projects in New York and California. That’s because legislatures in the two states have passed new rules that boost net metering, an arrangement that allows customers with small-scale solar and wind installations to get credit for the electricity they deliver back to the grid.
With net metering, as the arrangement is called, customers pay only for their net electricity usage. Their meters run forward when they are using more electricity than they are producing and run backward when they are producing more electricity than they are using. The absence of net metering could cut out much of the economic benefit of building solar systems, at least in places without other financial incentives, such as a feed-in tariff.
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