How do electric companies buy back power made from solar?
We had a sales rep come by. One of my family members agreed to a meeting with him. In advance I looked a bunch of stuff up online so we know what to ask the guy. Anyway longer story short onto my question:
The sales rep says the electric company only buys full panels of electric back. Where is I thought (and if I Google) it seems that they buy the excess electric and it get micro-monitored.
We're most likely not going to do that because it is a lease for 25 years (we could also buy it out right) and they are only saving us about $90 but we still have to pay that grid connection fee so in reality it's down closer to $60 or less per month savings.b the only advantages when power goes out we'd still have power and we will be able to run all through the night if we needed. He said if we want our price even cheaper he could remove a solar panel but then we would have no over provisioning.
Which one of the above is correct? Do they buy back our electric on a micromanaged level or do they only buy full solar panels worth of electric at a time? He's saying they just give us a payment once a year if we had extra panels to sell them.
The system he gave us has two batteries and 18 panels it over provisions or electric by about 10 or 11%. He's saying the electric company wouldn't pay you anything because they only buy a full panels worth of electric and in order for that we'd have to add on more panels.