Document background
The Net Metering Credit Agreement is a crucial document in India's renewable energy framework, designed to facilitate the integration of distributed solar generation into the existing power grid. This agreement becomes necessary when any entity - whether residential, commercial, or industrial - installs solar panels and wishes to participate in the net metering program. The document addresses key aspects such as energy measurement, billing adjustments, technical standards for grid connection, and operational procedures, all while ensuring compliance with the Electricity Act, 2003, and relevant state regulations. The agreement typically remains valid for 20-25 years, aligning with the typical lifespan of solar installations, and provides clarity on roles, responsibilities, and financial arrangements between the distribution utility and the solar power generator.
