Soon after you're fully enrolled and your share of a community solar farm begins producing energy, you begin receiving community solar credits on your monthly BGE 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 a breakdown of all your community solar details listed on the last page of your BGE bill, including the solar generation period, your full community solar credit, your discounted subscription charge according to your fixed savings rate percentage, and your total net credit applied (the dollar amount you are actually saving). A sample bill is pictured below.
Here's what each numbered section means:
- Community solar net credit: The total net credit applied to the bill, which directly reduces your electric costs. This is the amount you are saving for the billing period by being a community solar subscriber.
- Savings rate (%): The percentage of the full community solar credit (CS credit) that you will save. Savings rates vary by solar farm and income eligibility.
- CS credit: The dollar amount of the full community solar credit applied to your bill for the solar generation (production) period.
- Subscription charge: The dollar amount you pay for the full community solar credit (CS credit) according to your savings rate. If your savings rate is 10%, you pay for 90% of the full community solar credit (CS credit).
- Net credit: The dollar amount applied to your bill that reduces your electric costs. If your savings rate is 10%, your net credit will be 10% of the full community solar credit (CS credit).
- Maximum monthly applied credit: The most solar energy that can be converted to a credit in the current billing period based on your billed electric usage.
- Initial bank kWh: Any unapplied solar energy that was carried over from the previous billing period.
- Allocated kWh: The share of solar production allocated to you for the generation period.
- Applied credit kWh: The amount of solar energy converted to a dollar value and applied for the billing period.
- Final bank kWh: The amount of unapplied solar energy that will carry over to next billing period. This amount equals the initial bank kWh + allocated kWh – applied credit kWh.
In the sample bill above, the net community solar credit applied was -$12.23, which was the total of the two full credits minus the subscription charges for each credit. The -$12.23 is what was deducted from the customer's electric costs, so without community solar, the customer would have paid that much more to the utility.
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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