(a)  Net-metering credits for excess generation shall not be credited during the term of the tariff when the distributed-generation project is receiving performance-based incentive payments under the tariff. After the end of the term of the performance-based incentive tariff applicable to a distributed-generation project, net-metering credits for excess generation in any given month shall be credited to the net-metered account at the applicable rate allowed under the law.

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(b)  All distributed-generation projects that had begun development prior to the date the commission approves the first set of ceiling price recommendations from the board and that are in operation by no later than July 1, 2016, shall be eligible to continue operation under the net-metering rules that would have been applicable to that self-generation project absent the change in law set forth in this section, provided that the project does not otherwise participate in the performance-based incentive program set forth in this chapter.