Once you have enrolled and your project is live, the utility will apply solar credits to your monthly bill.
Solar credits applied offset your utility bill and show up as a reduction to your total charges. Solar credits are usually listed as a “transfer” or “adjustment”, but the format will vary depending on the utility.
Each month, you will also receive a bill from Altus. Your Altus contract will list your specific discount. If your contract is for a 10% discount, for every $1.00 solar credit applied to your electric bill, you will owe $0.90 to Altus. You must pay both bills.
Example: Your monthly electricity charges total $150 and you receive $100 in solar credits. Your utility bill now totals $50. You save 10% on your solar credits and Altus bills you $90. Your total is $140 – a savings of $10!
