Thinking of going Solar next year - need help understanding Calif. rules

[FreakinDJ]

Looking at installing a roof top Photovoltaic system with a Grid-Tied Inverter and making use of Net Metering here in California. I'm aware of the 30% Federal Tax Incentive. Also found where SMUD Rebates $0.35 per Watt of installed Solar


Can't seem to find a definitive rate chart for Net Metering.

A net metering program allows an owner of a gridtied solar power system to sell excess power their renewable power system generates back to the utility company for credit on their power bill. At the end of a 12 month period, a customer can choose to roll over credit or receive a payment

http://www.wholesalesolar.com/california.html

Is it Watt for Watt - or does the utility pay me $0.0582 for excess during the day and then charge me $0.11 at night.