Pseg — Solar Buy Back

Energy credits don't sit in your bank forever. Once a year, on your "Anniversary True-up" date, PSEG reconciles your account.

: 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. 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. Energy credits don't sit in your bank forever

: 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" These credits are "banked" to offset your future

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

: 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