Bummer! Utility called yesterday and said it made a mistake on my billing, had given me a double credit for net meter buy-back. Good news is that this was a billing computer programming error, and better news is that the utility will not be asking for a refund.
My utility digital supply meter reads only forward on kwh supplied to the house from the utility. It does not roll backward on buy-back. I have a separate digital buy-back meter that only reads forward power from my panels into the grid. I was given net-meter credit based on the buy-back meter, and also given a credit as though the supply meter had also rolled backward.
Although my credits are now 1/2 of what I reported, the end result actually is about what I had predicted. My historical annual kwh based on usage has been about 12,000 kwh, Running the numbers from 11/01/13 - 10/31/14 I show 12,626 kwh used, a little higher than average but also the winter of 2013-14 was very cold and we likely used more electric heat than normal in our basement.
Of the 12,626 used, about 7,120 kwh is electric heat and electric hot water which is interruptible and is billed at about 1/2 of the general service rate (equivalent to about 3,560 general service kwh). This is also on a separate meter which is not affected by the PV. The general service meter showed usage of 3,452 kwh. I have a solar production meter owned by me which showed total production of 8,894 kwh, and the buy-back meter showed 6,840 kwh, meaning that 2,054 kwh of PV was used directly in our home. Kwh buy-back is at the general service rate, so I had general service credits on 6,840 kwh and general service equivalent purchases of 3,560 +3,452 = 7,012 kwh, nearly a wash.
The PV goal was to erase our electric bill and that goal essentially has been achieved. We might need a little more conservation on electric usage, and maybe our conversion over the year to all LED lighting will be enough to ensure no electric bill again, not even a small one.
One other thing, electric rates were raised for 2015 and also net meter buy-back was increased accordingly. That is a real positive of net metering: inflation protected rate of return.