Value of Solar (VoS) Rate

The Value of Solar (VoS) is the rate at which Austin Energy credits Solar customers for the solar energy produced by their on-site solar energy system.

Each monthly bill will include a charge for the total energy usage of their home or business and a solar credit for the energy that their system generates at the applicable VoS rate. The rate varies depending upon the type of customer and the size of the solar project as follows:

Value of Solar Rate (effective January 1, 2018)*
Customer Type VoS Rate ($/kWh)
Residential and Commercial
Non-Demand
$0.097

Commercial Demand
(Solar capacity < 1,000 kW - ac)

$0.067
Commercial Demand
Solar capacity ≥ 1,000 kW -ac)
$0.047
 

*Rates in effect until the next Cost of Service Study and Rate Review, expected in 2021.

On the monthly electric bill, the “Solar PV Read” reflects that month’s generation as measured by the solar photovoltaic (PV) meter. To calculate your solar credit, Austin Energy takes the total generation hours in kWh and multiplies it by the applicable VoS rate.

If the solar credit is larger than the energy bill, the remaining credit rolls over to the next month as long as the account remains open. Solar credits are only applicable to the electric bill, and cannot be used to offset other City of Austin charges.

Are you ready to go green with clean renewable solar power? Be sure to take advantage of Austin Energy’s solar rebates for your home or business.

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Last Updated: 1/2/18

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