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
: 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
: PSEG installs a special meter that tracks both energy "In" (drawn from the grid) and energy "Out" (exported to the grid). Setting it for the end of winter (e
: 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" If you exported 500 kWh and used 400
When your solar panels produce more electricity than your home consumes—typically during sunny afternoons—the surplus flows back into the grid.
Energy credits don't sit in your bank forever. Once a year, on your "Anniversary True-up" date, PSEG reconciles your account.