| | LIPA | Clean Energy Initiative | Solar Pioneer Program |
 | | At the end of each month, the net metered customer is billed only for the net consumption, that is, the amount of electricity consumed, less the amount of electricity produced. |
 | | This means the 'netting' process associated with net metering happens automatically-the meter spins forward (in the normal direction) when the consumer needs more electricity than is being produced, and spins backward when the consumer is producing more electricity than is needed in the house or building. |
 | | During the month, if a net metered customer generates more energy from their PV system than he/she consumes from LIPA, the customer is billed for the daily service charge only (meter charge) and the excess generation in kilowatt hours (credits) is placed in an “energy bank”. |
| www.lipower.org /cei/solar.metering.html (1618 words) |