Net Metering Agreement definition

Net Metering Agreement means, with respect to a PV System, as applicable, a contractual obligation between a utility and an Obligor that allows the Obligor to offset its regular utility electricity purchases by receiving a bill credit at a specified rate for energy generated by such PV System that is exported to the utility electrical grid and not consumed by the Obligor on its property. A Net Metering Agreement may be embedded or acknowledged in an Interconnection Agreement.

Net Metering Agreement means, with respect to a PV System, as applicable, a contractual obligation between a utility and a Host Customer (and, in some cases, the owner of the related PV System and, if applicable, Energy Storage System) that allows the Host Customer to offset its regular utility electricity purchases by receiving a bill credit at a specified rate for energy generated by such PV System that is exported to the utility electrical grid and not consumed by the Host Customer on its property. A Net Metering Agreement may be embedded or acknowledged in an Interconnection Agreement.

Net Metering Agreement means, with respect to a PV System, a contractual obligation between a utility and a Consumer Obligor and/or an Affiliate of Sunnova Energy on behalf of a Consumer Obligor, as applicable, that allows the Consumer Obligor to offset its regular utility electricity purchases by receiving a bill credit at a specified rate for energy generated by such PV System that is exported to the utility electrical grid and not consumed by the Consumer Obligor on its property. A Net Metering Agreement may be embedded or acknowledged in an Interconnection Agreement.

Examples of Net Metering Agreement in a sentence

• Rocky Mountain Power will maintain a record of the Net Metering Agreement and related Attachments, if any, for as long as the net metering arrangement is in place.

• The parties to this Net Metering Agreement shall ensure that the generating and interconnection systems between them are compliant with the practices, methods and equipment, as changed from time to time, that are commonly accepted practice in electrical engineering operations to operate electric equipment lawfully and with safety and dependability and that such systems comply with the Electrical Inspection Act R.S.P.E.I. 1988, Cap.

• Rocky Mountain Power Interconnection and Net Metering Agreement 1 The Agreement shall be used for all approved Level 1 Applications according to the procedures set forth in Utah Rule 746-312 (“Rule”).

• The City reserves the right to modify or amend this Net Metering Agreement, the City’s avoided cost rate, the Renewable Power Rate or the Solar Reliability Charge, upon reasonable advance notice to the Customer (30 days).

• In no event shall Host Customer sell, or be deemed to have sold, Output to any Person, except that excess Output beyond Host Customer’s immediate needs may be delivered to a Host Utility pursuant to an Interconnection and Net Metering Agreement.

• This Agreement shall be effective on the date written below and shall remain in effect until terminated by either Party on thirty (30) days’ prior written notice, or the agreement terminates upon termination of the Customer's TMLP account incidental to a sale by Customer to a new owner, without prejudice to the physical system being the subject of an Interconnection & Net Metering Agreement with the new owner to be effective upon termination of the original customer's TMLP account.

• Any non-compliance of the Wholesale Power Contract or the Net Metering Agreement shall be a default and breach of this Agreement and reason for termination.

• This Interconnection Agreement is intended to be consistent with the Net Metering Agreement and the Wholesale Power Contract, but in the event that any of the provisions of this Interconnection Agreement shall be held or otherwise determined to be in conflict with either the Net Metering Agreement or the Wholesale Power Contract, the Parties agree that the Net Metering Agreement or the WPC, as applicable, shall prevail.

• Customer’s Printed Name Customer’s Signature Date Columbia Water & Light Solar Powered Electric Generating Facility Information NOTE—Along with the Interconnection and Net Metering Agreement, please include: XXX file, Solar Pathfinder report file, site picture with Pathfinder location, spec sheets for system components, and site diagrams before you proceed with your project.

• The public utility may terminate a Net Metering Agreement at any time if the SCRE generator violates the Renewable Energy Act or regulations made under the Act.

More Definitions of Net Metering Agreement

Net Metering Agreement means, with respect to a PV System, as applicable, a contractual obligation between a utility and a Host Customer (and, in some cases, the owner of the related PV System) that allows the Host Customer to offset its regular utility electricity purchases by receiving a xxxx credit at a specified rate for energy generated by such PV System that is exported to the utility electrical grid and not consumed by the Host Customer on its property. A Net Metering Agreement may be embedded or acknowledged in an Interconnection Agreement. [***] = Certain confidential information contained in this document, marked by brackets, is filed with the Securities and Exchange Commission pursuant to Rule 406 of the Securities Act of 1933, as amended.

Net Metering Agreement is the agreement with your Electricity Utility that will allow you to participate in Net Metering with your Electricity Utility.

Net Metering Agreement means, with respect to a PV System, as applicable, a contractual obligation between a utility and a Host Customer that allows the Host Customer to offset its regular utility electricity purchases by receiving a xxxx credit at a specified rate for energy generated by such PV System that is exported to the utility electrical grid and not consumed by the Host Customer on its property. A Net Metering Agreement may be embedded or acknowledged in an Interconnection Agreement.

Net Metering Agreement means, with respect to a PV System, as applicable, a contractual or other obligation between a utility and a Host Customer (and, in some cases, the owner of the related PV System) that allows the Host Customer to offset its regular utility electricity purchases by receiving a bill credit at a specified rate for energy generated by such PV System that is exported to the utility electrical grid and not consumed by the Host Customer on its property. A Net Metering Agreement may be embedded or acknowledged in an Interconnection Agreement. “Net Proceeds” means with respect to any Takeout Transaction the proceeds of such Takeout Transaction (including any Hedge Agreement termination payments received by the Borrower in connection with such Takeout Transaction) net of reasonable fees, taxes, commissions, premiums and expenses incurred by the Borrower in connection with such Takeout

Net Metering Agreement means, with respect to a PV System, as applicable, a contractual obligation between a utility and an Obligor that allows the Obligor to offset its regular utility electricity purchases by receiving a bill credit at a specified rate for energy generated by such PV System that is exported to the utility electrical grid and not consumed by the Obligor on its property. A Net Metering Agreement may be embedded or acknowledged in an Interconnection Agreement. [***] Certain information has been excluded from this exhibit because it is both not material and would likely cause competitive harm to the company if publicly disclosed. "New York UCC" shall have the meaning set forth in Section 5.01(g)(ii)(F) of the Indenture.