I have a negative balance on my Xcel Energy bill. What does that mean?
This article is for Xcel Energy customers in Minnesota
A negative balance means your Solar Garden is producing a lot of clean energy!
If you have a negative balance with Xcel Energy, it means your Solar Garden has generated more energy than you have used at your home. Your total electricity charges are based on the amount of energy used at your home. Whereas your Solar Credits are based on the amount of energy generated at the Solar Garden. That means that, during particularly sunny months with lots of solar energy production, it's possible for your Xcel charges to be reduced to $0 - or even to a negative value, meaning your utility owes you money for the energy your Solar Garden produced!
What happens to the excess credit?
Any excess credits on a single month's electric bill will apply to upcoming electricity charges, reducing your future electric bills. Most people "use up" the excess credit in the winter months when solar energy production - and credit accumulation - is lower. If you still have excess credits in the spring, Xcel Energy will cut you a check between March and May.
Still concerned about excess credits?