1. “Net metering system” means:
(a) A facility or energy system for the generation of electricity that:
(1) Uses renewable energy as its primary source of energy to generate electricity;
(2) Has a generating capacity of not more than 1 megawatt;
(3) Is located on the customer-generator’s premises;
(4) Operates in parallel with the utility’s transmission and distribution facilities; and
(5) Is intended primarily to offset part or all of the customer-generator’s requirements for electricity;
(b) A facility or energy system for the generation of electricity that:
(1) Uses waterpower as its primary source of energy to generate electricity;
(2) Is located on property owned by the customer-generator;
(3) Has a generating capacity of not more than 1 megawatt;
(4) Generates electricity that is delivered to the transmission and distribution facilities of the utility; and
(5) Is intended primarily to offset all or part of the customer-generator’s requirements for electricity on that property or contiguous property owned by the customer-generator;
(c) A facility or energy system for the generation of electricity:
(1) Which uses wind power as its primary source of energy to generate electricity;
(2) Which is located on property owned or leased by an institution of higher education in this State;
(3) Which has a generating capacity of not more than 1 megawatt;
(4) Which operates in parallel with the utility’s transmission and distribution facilities;
(5) Which is intended primarily to offset all or part of the customer-generator’s requirements for electricity on that property or on contiguous property owned or leased by the customer-generator;
(6) Which is used for research and workforce training; and
(7) The construction or installation of which is commenced on or before December 31, 2011, and is completed on or before December 31, 2012; or
(d) A solar-powered affordable housing system.
2. The term does not include a facility or energy system for the generation of electricity, other than a solar-powered affordable housing system, which has a generating capacity that exceeds the greater of:
(a) The limit on the demand that the class of customer of the customer-generator may place on the system of the utility; or
(b) One hundred percent of the customer-generator’s annual requirements for electricity.