One reason net-metering is close to fair is that we are talking about delivered electricity. Every unit I send back to the grid is a unit that doesn&#x27;t need to be delivered by the power company but the power company can sell it to my neighbor for retail price.<p>A second reason net-metering is close to fair is because mid-day units of electricity are more valuable. Solar production peaks midday while household usage is U-shaped, so most production flows out to the grid during the high-price periods. Rates average peak and off-peak pricing so rate customers typically don&#x27;t see that.<p>In other words, solar production produces high-value kWhs the utility can sell to my neighbor for retail, even though they don&#x27;t have to generate or deliver it themselves.