OK, it is a bit more complicated than what I stated, but there are two different conditions that need to be considered:
1. The PV generates less total energy than the user's consumption, but because of TOU and tier pricing the customer has a positive dollar amount credit at the end of the true up period: That dollar credit is cancelled. For a person who has sized their system for greatest ROI, shortest payback period, this will normally be the case. A larger system does not make a lot of sense economically.
2. The PV generates more total energy over the year than the user's consumption: With consideration of TOU and other favorable rates, this will usually lead to a very large dollar credit at true up time. That dollar credit is cancelled, but the the user is paid at a roughly wholesale rate for the actual energy surplus of production over consumption. So there is some return, but basically the user has overbuilt the system well beyond the economically ideal point.
Source:http://www.solarpaneltalk.com/showthread.php?16455-Rising-Ca-electric-rates/page2&highlight=time