What are banked or carryover credits?

Solstice allocates customers based on their typical annual electrical usage. For you, this means that the solar energy generated by your share of a community solar farm does not always reflect your actual monthly usage. On a monthly basis, your solar share may generate less or more energy than the electricity you used that month.

When more solar energy is produced than your electric usage in any given month, the value of your credit might exceed your electric cost. In a case like this, your utility provider will add the excess credit to a "bank" and apply it (or carry it over) to a future bill. This is to ensure you're not left with a negative account balance. When there are months that you use more electricity than your share of the solar farm produces, the utility can then apply the banked credit to cover more of your electric costs those months.

Was this article helpful?
0 out of 0 found this helpful

Comments

0 comments

Article is closed for comments.

Articles in this section

Email Our Team
Send us an email at support@solstice.us and we will get back to you as soon as possible.
Give Us A Call
Call us at 845-853-0768. Our phone line is open from 9:00am - 6:00pm ET, Monday - Friday.
Visit Our Website
Get the latest updates and learn about our mission to make solar power accessible to all Americans.