When you have solar on your home, electricity flows 3 ways.*
๐ โ> ๐ From your solar panels to power your home
๐ โ> ๐ญ From your solar panels back to the utility grid
๐ญ โ> ๐ From the utility grid to power your home
Why it matters: Solar buy back is the way your utility credits you โ or doesnโt โ for the electricity you send back to the grid.
๐ฌ Zoom in: Homeowners with solar (or looking into it) need to know how this works.
- Solar buy back varies by utility (A smaller co-op like Coserv vs. a large TDU like Oncor)
- Also varies by retail providers (Green Mountain vs. Energy Texas)
Whether youโre shopping for a retail provider or trying to change your co-opโs policies, you want to know 2 things:
- Does the utility give you full credit for electricity you send them? (Needs to be a YES)
- If you send more electricity than you pulled from the grid (like in March and April), do the credits rollover to the next month? (Ideally a YES)
โ For your Smart Homeowner list
- Have solar and need to shop new plans โ> start here.
Best,
Travis
*A home storage battery adds 2 ways:
๐ โ> ๐ From your solar panels to your battery
๐ โ> ๐ From your battery to power your home