Each Community Solar subscriber receives a portion of the savings generated by their local project. Once the project start to generate energy, you will start to see those savings reflected on your monthly 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, a percentage of those solar savings are credited to your overall utility charges on your Arcadia statement. The remaining Solar savings are allocated towards maintaining and operating the local solar project.
For example, if your Solar savings are 21% each month:
- Your total utility charges for this month are $135.50
- Total Solar Credit applied to your utility bill: $121.95
- You get to keep 21% of the $121.95, so $25.61 will be your savings for the month
Arcadia statement you receive will show: $135.50 - $25.61 = $109.89