This article applies only to members in New York, Maryland, Rhode Island, and DC that are enrolled in Community Solar.
Each Community Solar subscriber receives a portion of the savings generated by their local project. Once the projects start to generate energy, you will start to see those savings reflected on your Arcadia Power statement.
Your portion of the solar savings will be applied to your local utility bill and you will see a reduction in your overall utility charges. When your Arcadia Power statement is calculated, a percentage (5% or 10% depending on your project location) of those solar savings are credited to your overall utility charges. The remaining solar savings are allocated towards maintaining and operating the local solar project.
If your local utility charges come to $100 and your portion of the solar savings were $80, then $4 (5% of $80) would be credited to the $100 local utility charge on your Arcadia Power statement. You would then owe just $96.
Here’s how that calculation would look:
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