The APS Solar Buy Back Rate is an important aspect of homeowners saving money with solar in APS territory. When a home with a solar panel system in APS territory produces extra energy that is not used immediately, the extra energy is sent to APS’s grid. Then, APS sells this energy to their other customers and credits the generating homeowner’s bill. Also, the rate at which APS credits homeowners for sending power to the grid is known as the “buy back rate” or “solar export rate”.
The buy back rate drops 10% every year on September 1st. Therefore, you should make sure to install your solar system now to lock in your buy back rate! When you install solar before September 1st, you lock in APS’s buyback rate for a period of 10 years. Thus, Homeowners that go solar now will lock in higher APS buyback rates and will save more money with solar. In addition, homeowners that wait to install solar will save less money. This is because the buyback rate continues to drop every year.
For more information on the buy back rate, visit APS’ Website.