*If you are enrolled with a solar farm that has a consolidated billing model, please see this article instead.
Utility bills can be tricky to decipher and community solar credits add another element to the mix. If you're wondering what your bills will look like with a Solstice subscription, we've got you covered!
Here's how the process works:
- Soon after your share of a community solar farm begins producing energy, you begin receiving solar credits on your monthly utility bills. Each credit is directly deducted from what you owe to your utility company for your electric costs.
- Approximately 1-2 months after you receive each credit on your utility bill, you pay Solstice for the credit at a discounted rate. This means you receive guaranteed monthly savings!
Discount rates are fixed and vary per community solar project. The example below shows how a 10.25% discount would affect a customer's utility and Solstice bills.
In this example, the customer's monthly utility bill came as usual, but with one difference: a $100 solar credit was applied to the bill. By subtracting that $100 credit from the customer's utility expenses, the cost to the utility fell from $120 to $20.
Around 1-2 months later, Solstice would send an invoice for that same $100 credit. With the 10.25% discount applied, the customer paid $89.75 for their credit instead of the full $100. This means that, overall, the customer saved $10.25 in one month.
Credit amounts vary per month, but the savings always add up over the course of your subscription! You can see your savings, your positive environmental impact, and much more by logging in to your Solstice account.
Questions? Feel free to reach out to us by emailing support@solstice.us or calling 845-853-0768.