BobRip
Elite Member
The solar system was installed a week ago today, the meters were installed Monday, so I haven't seen a bill yet.
My understanding is they apply credits, the reading of the "out" meter, to my bill each month. If I have more credits than needed to cover my monthly usage, they are "banked". Any unused banked credit that is over 12 months old gets tossed out. So, I will never get "paid" other than by subtracting current and banked credits from usage. I will always be charged the monthly minimum connection fee which is currently $8.91, no matter how many credits I have banked.
You are using the grid as a battery. $8.91 a month is pretty cheap for an infinite battery. You can get your own battery and be able to operate when the grid is down. When you start paying for this you will really appreciate the grid.