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.

: 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" pseg solar buy back

: PSEG installs a special meter that tracks both energy "In" (drawn from the grid) and energy "Out" (exported to the grid). : This is where the rate changes

: 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. If you exported 500 kWh and used 400

: If you have a remaining credit balance after 12 months, PSEG "buys back" those credits.

Maximizing your solar investment requires understanding how utilities handle the energy you send back to the grid. For PSE&G (New Jersey) and PSEG Long Island customers, the "buy back" process primarily functions through , a system that allows you to bank excess energy as credits rather than receiving immediate cash. How PSEG Net Metering Works

: 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