Understanding savings and billing
Community solar offers an easy way to lower your electricity costs while supporting clean energy. To help you make the most of your subscription, here’s a breakdown of how savings and billing work, along with what to expect throughout the year.
How community solar credits work
Once you are placed on a solar farm, or your farm becomes operational, your solar share begins generating community solar credits based on the amount of energy it produces. The community solar credits you generate will appear on your utility bill as a negative line item, lowering the amount you owe to your utility provider.
How billing works
Credits lower your utility bill
Your subscription generates energy, which turns into credits on your utility bill and lowers what you owe.
You pay your utility bill as usual
You save by paying your utility for those credits for less than they’re worth. You save on electricity costs because Nexamp discounts the credits you generate.
Your savings add up
Over the course of a year, you save 10-15% on electricity costs.
Key takeaways
- This is not an across-the-board discount on your utility bill
The credits generated from your solar share are not free, but you get them for 10-15% less than they are worth. It's like buying discounted gift cards for your electric provider. - You will not be charged the same each month
Billing varies depending on the amount of credits generated by your share of the solar farm and the timing of their application to your utility bill. - Savings begin after you are placed on a farm
It may take two to three billing cycles after your subscription goes live for credits to appear on your utility bill.