The impact of rate design and net metering on the bill savings from distributed PV for residential customers in California

► We examine the value of bill savings under net metering to PV owners in California. ► Bill savings per kWh of PV generation varies by a factor of four with net metering. The variation is attributable to rate design, the unique inclining block structure. ► The median value of bill savings is reduced by 40-67% with MPR feed-in tariff. ► The median value of bill savings is reduced by 6-12% with hourly netting.