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

I have panels. I finance them. I pay $150 a month. After my lease is up I own them.

So the way it works is, when the panels generate electricity my meter spins backward. When they don’t it spins normal. At the end of the month I either have a credit or a bill. The panels generally overproduce in spring and fall when the air conditioning or heat is off. So for April May and Jun I usually don’t have a bill. As the air kicks on it eats into my credit and get a low bill in July and August.

My electric bill is usually $100 or less throughout the year.

Overall it saves a few hundred $ a year.

Note my bill also include the cost to build a roof over my deck so we could put on more panels.