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Net metering began as a consequence of how the old analog meters functioned, not as an official way to compensate customers for their over-production. It was called gorilla solar. People wouldn't tell the utility they were feeding electricity back into the grid, but the meter would run backwards when production exceeded consumption.
Net metering is the best form of compensation because it requires no administrative overhead. Nobody has to keep track of the energy that goes back to the grid and then calculate compensation. It's compatible with old meters, so a meter upgrade isn't required. It's fair because the customer is billed only for the net use. Overproduction is most likely to occur during peak use since air conditioners run when the sun is shining brightest.
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