Net Meter

DefinitionNet metering is an electric service that allows electricity generated on a consumer’s site ("on-site") to offset that consumer’s use. This generation can include (generally small) renewable energy facilities (such as wind, solar power, fuel cells or hydro). Net meters might also be used with energy storage devices such as batteries (stand alone or for electric vehicles). Net meters can "spin backwards" such that at the end of the billing period, the consumer only pays for its use, less what it produced (i.e., the "net").