Once the solar farm goes live, your savings begin in about two to three billing cycles. Your reserved share of the solar farm earns you energy credits as it generates power. These credits are automatically applied to your account and reduce what you owe to your utility. In our pay-as-you-go subscription, Nexamp then bills you separately for the applied bill credits, always at a discount.
Monthly savings will vary based on seasonal solar production, the timing of your energy consumption, and when utilities apply bill credits. This is enough to annually save 10-15% on electricity costs. Summer months typically feature more sunlight which generates a higher level of solar credits to help offset your electricity costs. Winter months typically mean less sun and fewer credits. These seasonal changes are why you sometimes receive more credits than you need. But do not worry, those credits belong to you and are carried forward by the utility to be applied to your bill during months when you do not have enough credits to fully offset your electricity usage. This usually happens in the winter when monthly solar production is lower.
To learn more about how solar production varies throughout the year, please watch the video below: