How do solar panels work in the sense of billing? Do you not have an electric bill? Are you just paying for the panel itself?

Question

How do solar panels work in the sense of billing? Do you not have an electric bill? Are you just paying for the panel itself?

In: Engineering

Answer 1

We have 23 solar panels on our roof. In the beginning we were making payments to the solar contractor who put them on and this payment was less overall than our original electric bill. When we refinance the house we had the amount of money we still owed on the panels put on the mortgage so now we own them out right.

We have an electric bill once per year and it is called a True Up bill. Since we are part of SDG&E we get royally screwed and owe about $500 per year.