A Net Metering example for the State of Maryland.
Maryland Wind Power Electricity Provider, Clean Currents,
will purchase Solar Renewable Energy Credits (SRECs) that
are produced within the state of Maryland. Payment is based
on One (1) SREC = 1000 KWh of electricity generated by
the PV system. Clean current exchange pays 69% yearly
at a rate specified by the Maryland Alternative Compliance
Payment Schedule (ACP). In 2010, the ACP/SREC is $00,
so Clean Current would pay 69% of the ACP/SREC which
would be $92 for each 1000kwh produced and transmitted
through net metering to Clean Current. Clean Current
and the PV system owner would enter a two year
contract inwhich, at the end of each year, Clean Current
would payout the PV system's owner for each SREC the
PV system generated.