The 10-year metering program will also create installation jobs, no doubt going mostly to city residents.
The Smart Grid will enable enhancements to these net metering programs.
The metering program is to begin this fall.
The net metering program pays the energy fed back to the grid at the same rate it is charged.
Net metering programs give these systems a credit for the electricity they deliver to the grid.
The city began its 10-year metering program in 1987.
In Canada, some provinces have net metering programs.
"We are aggressively implementing our metering program," the Commissioner said, noting that a 10-year plan calls for installing 600,000 water meters in the city.
The Dinkins administration acknowledges that it failed to anticipate the impact of the metering program.
The city is striving to correct other problems with the metering program, he said.