Pseg — Solar Buy Back

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

: 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" pseg solar buy back

Maximizing your solar investment requires understanding how utilities handle the energy you send back to the grid. For PSE&G (New Jersey) and PSEG Long Island customers, the "buy back" process primarily functions through , a system that allows you to bank excess energy as credits rather than receiving immediate cash. How PSEG Net Metering Works : PSEG installs a special meter that tracks

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

When your solar panels produce more electricity than your home consumes—typically during sunny afternoons—the surplus flows back into the grid.

: 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. Once a year, on your "Anniversary True-up" date, PSEG reconciles your account.