My net metering works on a tracking system of energy.... so far I have sent approximately 1000 kWh to the grid, so I can draw up to 1000 kWh from the grid at any time at no cost. If at any point that I use more than I have banked, I will start to pay normal rates like any customer. Once a year, in May, there is a reconciliation where they would pay me for any excess, and we start the net tracking with a fresh slate. They will pay me full retail rate, but only for the supplier portion, not for distribution. Although rates fluctuate, this is roughly that I will get paid 7 cents/ kWh for any excess, but if I’ve had to buy any during the winter, I will pay that rate plus also have a distribution rate of approximately 7 cents/kWh. So realistically I only get reimbursed for half the rate I have to buy it at. It is my goal to come out flush, with nothing to buy and nothing to sell.
I will see how this works out. If I overproduce, I will charge the car more and during the high use months, I will charge the car at work more where it is free