Net Metering Credit
A bill credit received for solar electricity exported to the grid under a net metering policy. At full retail net metering, each exported kWh earns a credit equal to the retail electricity rate.
Why It Matters
Net metering credits are the second-largest solar financial benefit after the tax credit. As states shift to net billing, credit values are declining but grandfathered rates are often locked in for 15-20 years.
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Related Terms
Net Metering
A billing mechanism that credits solar energy system owners for the electricity they add to the grid. The excess power generated during the day offsets power consumed at night.
Net Billing
An export compensation mechanism where excess solar electricity sent to the grid is credited at a rate lower than the retail rate — typically wholesale, avoided cost, or a set export rate.
Export Rate
The per-kWh credit received for electricity exported from a home solar system to the grid. May equal retail rate (net metering), avoided cost (net billing), or a time-varying amount.