Maximize the return on your solar panel investment.
A solar buyback plan compensates you for excess energy generated by your renewable energy system that is sent back to the grid.
When your solar system generates more energy than your home consumes, the excess energy is sent to the grid. This energy is measured by a bi-directional meter, and you earn credits at the buyback rate for the kWh exported.
A 1:1 buyback ratio ensures you receive equal compensation for the energy you send to the grid as the rate you pay for energy you consume. This maximizes your savings and offsets your energy costs effectively.
Unused credits are banked and automatically applied to future bills to offset energy charges. They cannot be redeemed for cash or transferred.
A bi-directional meter tracks energy flowing both into and out of your home. It is essential for measuring excess energy for buyback credits.
The price remains fixed except for changes in Transmission and Distribution Utility (TDU) charges, administrative fees, or new federal, state, or local fees outside of Ambit Energy’s control.
The price includes the base charge, energy charges, and delivery charges. Buyback credits offset energy charges but exclude base and delivery charges
If your system is new, it may take up to three billing cycles for your first meter read. Credits will only be applied after the meter read is processed. For more tailored solutions and inquiries, please reach out to "Ask For Energy Solutions."
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