When your solar panels produce more electricity than your home consumes—typically during sunny afternoons—the surplus flows back into the grid.
Energy credits don't sit in your bank forever. Once a year, on your "Anniversary True-up" date, PSEG reconciles your account. pseg solar buy back
: This is where the rate changes. Unlike the 1-to-1 monthly credit, the annual payout is usually at the avoided cost (wholesale market rate), which is significantly lower than the retail rate you pay for electricity. When your solar panels produce more electricity than
: In most cases, you receive a full 1-to-1 credit for every kilowatt-hour (kWh) exported. These credits are "banked" to offset your future usage during cloudy days or at night. : This is where the rate changes
: You can often request a one-time change to your reconciliation date. Setting it for the end of winter (e.g., February) may allow you to use up summer credits during high-heating months before they are converted to the lower wholesale cash value. Key Benefits and Considerations Solar Power and Net Metering - PSE&G
: Your monthly bill only reflects the "net" difference. If you exported 500 kWh and used 400 kWh, you pay only the fixed customer charges (typically around $0.40/day) and bank the remaining 100 kWh. The Anniversary "True-Up"
: If you have a remaining credit balance after 12 months, PSEG "buys back" those credits.