At Chariot Energy, we have energy plans available for every type of solar fan — including people who already have solar panels!
When you sign up for our Rise 12 Solar Energy Buyback plan, Chariot will credit you for 100% of the excess electricity your panels produce. We’ll also:
Offer a Great Fixed-Rate Plan
Provide you an affordable 12-month fixed-rate plan for any electricity not produced by your solar panels
Buy Your Excess Solar Energy
Purchase your excess solar energy at a dollar-for-dollar, watt-for-watt energy rate
Power Your Home with 100% Solar
Supplement 100% of the electricity you need with 100% solar energy produced by Chariot and our affiliates
Get Paid for the Excess Energy Created by Your Home Solar Panels
If your home’s solar panels produce more electricity than you need during the day, you can sell this excess power back to the energy grid. Thanks to a concept called “Net Metering,” you will be compensated for the energy you put into the grid, and at the end of the month, you’ll only be charged for your “net” energy use.
You are eligible for net metering if:
- You are in a deregulated area of Texas (you can pick your electric company)
- You have an interconnection agreement with your utility company (CenterPoint Energy, AEP Texas, Oncor Electric Delivery or Texas-New Mexico Power)
- You have a smart meter installed by your utility
How Does Our Solar Energy Buyback Plan Work?
Getting paid for your solar power with Chariot’s Rise 12 Buyback Plan is simple:
- Your household utility meter monitors how much electricity you used vs. how much electricity your solar system created.
- If your home produced excess solar energy (which often occurs on sunny days during daylight hours), then that electricity would go into the electric grid to power nearby homes and businesses.
- You’d only pay for your “net” consumption: the electricity you consumed from the grid when your home’s electricity use exceeds the solar panels’ output (which usually happens at night).
- Only when your solar panels’ electricity generation exceeds your gross electricity use would you be monetarily compensated in the form of bill credits on future energy bills.