As an owner of a small (16 kWp) PV plant, the local utility recently informed me that they would soon be discontinuing net metering in favor of a fixed payment per renewably produced kWh (cheerily termed a SunCredit), which is to be determined annually. Specifically, the retail value of a grid-delivered kWh is 9.9 cents while the value of a PV produced kWh is only 57% of that (5.6 cents). The remaining 4.3 cents per kWh is absorbed in the costs of transmission lines, transformers, administration, maintenance and the like.