: If you have a remaining credit balance after 12 months, PSEG "buys back" those credits.
: You can often request a one-time change to your reconciliation date. Setting it for the end of winter (e.g., February) may allow you to use up summer credits during high-heating months before they are converted to the lower wholesale cash value. Key Benefits and Considerations Solar Power and Net Metering - PSE&G pseg solar buy back
When your solar panels produce more electricity than your home consumes—typically during sunny afternoons—the surplus flows back into the grid. : If you have a remaining credit balance
: 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" Key Benefits and Considerations Solar Power and Net
: 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.