Soon after you're fully enrolled and your share of a community solar farm begins producing energy, you begin receiving solar credits on your monthly PNM bills. Each credit is applied as a deduction and lowers your electric costs! Though we aim to cover as much of your typical annual electric cost as possible, your monthly credit may not always fully cover what you owe to your utility.
You’ll find the total credit applied as a negative dollar amount in the line item titled "Community Solar Credit" at the top of your bill. It will also be listed at the bottom of your "Billing Details" section. In the "Billing Details" section, you'll see a full community solar breakdown that includes details like your solar farm name, the solar production service period, kWh produced and applied, community solar service credits, and small administrative fees applied by your utility to help manage the community solar program.
In the sample bill above, the total community solar credit applied was -$59.80. Here's a breakdown of how that value was calculated based on several line items on the bill: community solar base bill credit + fuel adjustment cost credit + renewable energy rider credit + community solar service tax credits (city/county franchise fee, state, county, city) - community solar administrative cost (administrative fee) - cost effective energy saving prog charge (administrative fee) = -$59.80
About 1-2 months after each community solar credit has been applied to your utility bill, Solstice will email you an invoice. As a reminder, you pay Solstice at a fixed discount for each credit you receive. Discount percentages vary by solar farm and income eligibility.
If you have any questions, please don't hesitate to reach out to us at support@solstice.us or 845-853-0768.
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