What credits will I receive and how are they calculated?

The credits that participating customers are anticipated to receive by month 13 are funded by the money MGED expects to save from reducing transmission and capacity costs associated with the purchase of electricity from the wholesale market. Transmission and capacity costs are determined by our total system load during critical peak times when the electrical grid is most stressed, typically during the summer from 2 pm-7 pm. Solar Community projects generate electricity within MGED's service area, thereby reducing these costs. These savings will be divided among participating customers.

Solar Community net credits are estimated to be as much as $300 over a ten-year period. Solar Community Business net credits are estimated to be as much as $1,500 over a ten-year period.

Show All Answers

1. What is Community Solar?
2. Can anyone sign up for Solar Community?
3. What is the cost to me?
4. How will Solar Community appear on my bill?
5. What credits will I receive and how are they calculated?
6. Why am I being charged for Solar Community?
7. How long will the Solar Community Program last?
8. Can I cancel at any time?
9. How many shares are there in Solar Community Project 1 – Everett Street?
10. Is there a limit I can sign up for?
11. What if I don’t sign up until June? Will I still have to pay $5 per month for 12 months before I see a benefit credit?
12. What is the difference between MGED’s Solar Community and the solar Net Metering rate?
13. What’s the advantage to buying into shared solar instead of installing my own?
14. Where are the solar arrays located?