Once your farm is live and producing solar electricity, you will begin to see monthly reductions in your utility bills based on the amount of solar energy your portion of the solar farm generates. The credits are valued by the utility and will look different depending on your service territory. To help guide you, we have provided graphics below. Please note that your credit amounts will vary monthly, and these are only examples.
National Grid:
If you are serviced by National Grid, your solar credits will be listed as “Transfer credit/charges" (and/or a “Transfer of Remote Net Meter Credit”) under Other Charges/Adjustments section on page 2.
The design of the program is that you receive credits for the monetary value of what your portion of the solar farm has generated each month. Our solar credits have the potential to offset all costs associated with your National Grid bill. However, always make sure to check if there are remaining expenses due to your utility since solar generation and your electricity usage can vary greatly throughout the year. Any excess solar credits accumulated from months prior will display as a negative total due on your utility account.
If Nexamp is actively billing you for solar credits and you would like to learn more, please watch the video.
Eversource:
If you are serviced by Eversource, your solar credits will be listed as an “AOBC Transfer” (and/or a “Net Metering Credit” under the Other Charges or Credits section.
The design of the program is that you receive credits for the monetary value of what your portion of the solar farm has generated each month. Our solar credits have the potential to offset all costs associated with your Eversource bill. However, always make sure to check if there are remaining expenses due to your utility since solar generation and your electricity usage can vary greatly throughout the year. Any excess solar credits accumulated from months prior will display as a negative total due on your utility account.
If Nexamp is actively billing you for solar credits and you would like to learn more, please watch the video.
Unitil:
If you are serviced by Unitil, your solar credits will be listed as an “AOBC Recip Credit from Account” (and/or “NEM Group Recip Credit from Acct”) under the Electric Supplier Service section.
The design of the program is that you receive credits for the monetary value of what your portion of the solar farm has generated each month. Our solar credits have the potential to offset all costs associated with your Unitil bill. However, always make sure to check if there are remaining expenses due to your utility since solar generation and your electricity usage can vary greatly throughout the year. Any excess solar credits accumulated from months prior will display as a negative total due on your utility account.
If Nexamp is actively billing you for solar credits and you would like to learn more, please watch the video.