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Category:  Other
Subject:  Difference between Net Metering and FIT
ID:  10713
Date:  8/28/2009
Question:  Please explain the difference between the two.
Answer:  Under net-metering, you are paid for the excess electricity that you produce. This means that the power produced from your renewable energy project is consumed on site and if there is any left over, you receive payments for it.

Under FIT or microFIT, you are paid for all of the power that your project produced at a rate fixed by the OPA (a rate much higher than what you would receive for excess energy under net-metering). The OPA will sign a contract with you to guarantee that the OPA will pay you for all the power you produce over 20 years. Your utility will continue to charge you for all the power that you consume.

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