One-Bill Format
With the One-Bill format, the amount we pay your utility company, the solar credits you earn and the total you save are consolidated on one bill!
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Utility charges
Amount your utility company billed for your monthly usage
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Solar Credits
Amount of credits earned based on your allocated usage
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Discount
Savings based on your percentage discount
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"Your Solar Farm" Total
Solar credits earned minus your received discount
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Total Charges
Utility Charges + "Your Solar Farm" Total
* For some projects in NY only, all invoicing will be handled by your utility. In those cases, you will not receive a bill from Nautilus Solar.
Two-Bill Format
With the Two-Bill format, you will continue to pay your utility company’s bill directly to them. Your solar credits will appear on that statement. You will then receive a bill from Nautilus Solar for those credits minus your discount.
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Solar Credits
Amount of credits earned based on your allocated usage
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Discount
Savings based on your percentage discount
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"Your Solar Farm" Total
Solar credits earned minus your received discount
In the Two-Bill format, you’ll see the bill from Nautilus Solar once we receive the solar credit data from your utility company. This could take up to three months.
It depends on the status of your community solar farm.
- If the community solar farm is already generating power - you can see your solar credits on your electricity bill as soon as the next billing cycle.
- If the community solar farm is under construction – It could be four-to-five months until you start to see your community solar credits.
We will send you updates via email or our subscriber newsletters.
We will send you updates via email or our subscriber newsletters.
A Solar Credit is a type of Energy Credit, a renewable energy incentive created by your local state legislature, to encourage residents and businesses to reduce their energy use. Energy Credits are issued for specific energy-saving measures such as using energy-efficient appliances, purchasing electric vehicles, installing rooftop solar, or subscribing to community solar. They are typically issued in the form of either a tax credit, rebate, or utility credit, such as with community solar.
Everyone!
Local utilities
They satisfy their state mandated renewable energy goals and earn Solar Credits by purchasing solar power from solar farm owner/operators, like Nautilus, to supply the grid with clean energy.
Community Solar Owner/Operators
The local utility “pays” for the solar power it receives by transferring the Solar Credits they receive to the solar farm’s owner/operator, like Nautilus.
Community Solar Subscribers
Owner/operators pass a portion of the solar credit back to their community solar subscribers.
After the owner/operator receives the Solar Credits from the subscriber’s utility company, they bill the subscriber for their Solar Credits minus a discount of 10-15% or more. The difference between the total deducted from their utility company’s bill and the total billed by the owner/operator is the subscriber’s savings.
Your share is based on your 12-month historical usage in kilowatt hours (kWh) divided by the estimated annual solar energy generated from the project. This determines your “allotted percentage” or share, which is around 0.5% of the farm on average.
Each month, your Solar Credits are calculated by multiplying your allotted percentage share by the total monthly solar energy generated by your local community solar farm. The amount of monthly solar credits you receive are dependent upon the total energy generated by a community solar farm, not your energy usage.
Depending on the state in which you live, and the option you choose, there are several ways you could be billed.
Two Bill Option
- Bill #1 – From Your Utility
- Includes your normal electricity supply, delivery, and service charges.
- The bill will also include a deduction for the full value of Solar Credits you earned for being a subscriber.
- Your bill will be much smaller. The second bill will cover the electricity charges.
- Bill # 2 – From Nautilus Solar Energy
- Includes the charge for your Solar Credits minus your discount (10-15% or more).
The Nautilus invoice may reflect your credits from a previous billing period. This is because your Solar Credits are transferred from your utility company to Nautilus a billing cycle or two after they appear on your monthly utility bill, as they match solar electricity production with payment for the solar energy purchased from Nautilus.
One Bill Option
Some customers can select a one-bill option. In this case, Nautilus will pay your electricity charges directly to your utility company. You receive one monthly statement from Nautilus which itemizes your supply, delivery and services costs charged by the utility, along with the solar energy credits and discount you receive from Nautilus.
New York only
For some NY customers, all invoicing will be managed by your utility as part of NY’s Net Crediting Program. In those cases, you won’t receive a bill from Nautilus Solar.