VCE Proudly Supports our NEM customers by Offering More Benefits
Have solar panels on your home or business? Thinking about installing solar? Learn more about how Net Energy Metering (NEM) works with Valley Clean Energy.
How It Works:
When you have solar, your electric meter measures how much electricity your panels generate and compares that to how much electricity you use every month. If you generated more than you used, VCE credits you at full retail value – plus a penny/kWh bonus. These credits accrue every month and offset electricity you use in the future.
NEM Donation Program
At your annual true-up, we may determine that your solar panels generated more electricity than you used during the year. If so, you’ll now have an additional option:
You can donate the value of your energy credits to a worthy cause in Yolo County.
VCE is partnering with the Yolo County Housing Authority and Habitat for Humanity of Greater Sacramento, to share our good fortune with those who may need a hand. All donations remain within Yolo County.
Are you a PG&E NEM (solar) customer?
If you are not yet a VCE customer, you will be enrolled in VCE and in VCE’s NEM program automatically after your PG&E true-up so that you don’t lose any credits. Your billing will be monthly or annual, whichever you are on with PG&E, and VCE’s cash-out (if applicable) will happen at the same time as your PG&E true-up. If you generated more electricity than you used over the year, VCE will pay you the wholesale rate (Net Surplus Compensation) paid by PG&E, plus a penny per kWh bonus at cash-out. For credits under $100, you will receive the credit on your bill. If your cash-out is more than $100, we will send you a check around 6-8 weeks after your true-up. If you want to stay with PG&E, you will need to opt out of VCE.
Getting solar and already a VCE customer?
You will automatically be enrolled in VCE’s NEM program as well. Your billing will be annual on the PG&E side of your bill, and monthly on the VCE side, unless you call us to request annual billing. VCE’s cash-out happens in February for monthly billing. At that time, if you have generated more kWh over the course of the year than you used, we pay you the wholesale rate (Net Surplus Compensation) paid by PG&E, plus a penny per kWh bonus. For credits under $100, you will receive the credit on your bill. If your cash-out is more than $100, we will send you a check around 6-8 weeks after your true-up.
|VCE’s NEM Program||PG&E’s NEM Program|
|Credits from excess monthly generation accrue at retail plus a penny/kWh bonus||Credits from excess monthly generation accrue at retail|
|Annual surplus generation at cash-out is paid at the wholesale (Net Surplus Compensation) rate plus a penny per kWh bonus||Annual surplus generation at true-up is paid at the wholesale (Net Surplus Compensation) rate|
|Billing is monthly or annual, and you may choose either||Billing includes monthly minimum bill charge, with an annual true-up|
|Cash-out is on your PG&E true-up date (if on annual billing) or in February (if on monthly billing)||True-up occurs on the annual anniversary of your interconnection|