HRS §269-106
Monthly billing and yearly true-up for net metering customers
This section explains how net metering customers are billed. They get a monthly bill, and once a year the utility does a final true-up for that year. Any extra credits you have left after that yearly true-up are lost and cannot be used in the next year.
The statute, as written — Billing periods; twelve-month reconciliation
(a) Billing of net energy metering customers shall be on a monthly basis; provided that the last monthly bill for each twelve-month period shall reconcile for that twelve-month period the net electricity provided by the electric utility with: (1) The electricity generated by the eligible customer-generator and fed back to the electric grid over the monthly billing period; and (2) Any unused credits for excess electricity from the eligible customer-generator carried over from prior months since the last twelve-month reconciliation period. (b) Credits for excess electricity from the eligible customer-generator that remain unused after each twelve-month reconciliation period may not be carried over to the next twelve-month period.
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