### Question
What does smart electric meter mean?


### Answer
**Smart electric meter** has the following meaning in *26 U.S.C. § 168*:

> any time-based meter and related communication equipment which is capable of being used by the taxpayer as part of a system that—


(i) measures and records electricity usage data on a time-differentiated basis in at least 24 separate time segments per day,


(ii) provides for the exchange of information between supplier or provider and the customer's electric meter in support of time-based rates or other forms of demand response,


(iii) provides data to such supplier or provider so that the supplier or provider can provide energy usage information to customers electronically, and


(iv) provides net metering

#### Citation:
  - *26 U.S.C. § 168*
  - Heading: **Subtitle A-Income Taxes > CHAPTER 1-NORMAL TAXES AND SURTAXES > Subchapter B-Computation of Taxable Income > PART VI-ITEMIZED DEDUCTIONS FOR INDIVIDUALS AND CORPORATIONS**

