Each Community Solar subscriber receives a portion of the savings generated by their local project. Once the projects start to generate energy, you will start to see those savings reflected on your Arcadia statement.
Your portion of the solar savings will be applied to your local utility bill and you will see a reduction in your overall utility charges. When your Arcadia statement is calculated, 10% of those solar savings are credited to your overall utility charges. The remaining solar savings are allocated towards maintaining and operating the local solar project.
For example, let's say your utility charges are $364.25 but the solar credit applied to your bill is $154.64. You get to keep $15.46 while the other $139.18 goes back to the solar developer for maintaining the project.
- Your total utility charges for this month are $364.25
- Total Solar Credit applied to your utility bill: $154.64
- You get to keep 10% of the $154.64 so $15.46 will be your savings for the month