In addition, National Grid owns the revenue meter installed for net metering, and customers are responsible for associated taxes, meter maintenance, incremental readings, and billing costs to the utility on a monthly basis. Customers will still be responsible for paying any demand charges or customer charges associated with the account.

Based on current residential rates (as of late 2020) this adds up to approximately 11 cents/kWh. The credits are worth the retail price of electricity in Rhode Island, calculated as the sum of Standard Offer Service, Distribution, Transmission, and Transition charges. The residential rate varies and can be viewed on National Grid's website. Like other net metering programs, National GridвЂ™s program allows customers to financially balance out the amount of energy exported back to the grid with the energy imported from the grid over the course of the billing period. National Grid customers in Rhode Island are eligible to receive net metering credits when using a solar panel system. The residential rate varies by month and can be viewed on National Grid's website. When a customer exports more energy than they use in a given month, they receive credits on their bill that are calculated by multiplying Supply Costs, Delivery, Market Settlement, State Assessment, and System Benefit charges by the number of excess kWh. Residential net metering on solar panel systems up to 25 kW is available through National Grid in New York. Most residential systems are under 20 kW, so they fall under this category. The value of the credit depends on the size of the customerвЂ™s solar panel system, and can be viewed on National Grid's website.ДЇor customers with solar panel systems under 1,000 kW, the net metering credit is determined by multiplying the number of kilowatt hours (kWh) exported back to the grid by the sum of Supply Costs, Distribution, Basic Service, Transmission, and Transition. When a customer exports or feeds more power back to the grid than they use, they qualify for net metering credits. What are National GridвЂ™s rates and prices for net metering? Massachusetts

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