Under net metering, a consumer generates renewable electricity for their own use while sending excess power to the grid for a credit. Before investing in a renewable energy system for net metering purposes, check with the utility to confirm eligibility and that the renewable energy system can be connected to the grid.
Since July 2022, regulations allow third-party ownership of net metered generation facilities and retailing to consumers under these net metering arrangements. Customers can buy a Renewable Energy system outright, or lease or finance it from a third party, including an electricity retailer.