How is the value of my bill credit calculated each month?

Every month the subscriber receives credits equal to the value of bill credits produced by the project for that billing month and multiplied by the customer’s subscription percentage.

Project value of bill credits in a month

= {total energy produced by project in the month} x {average value stack rate of energy produced}

Value of bill credits provided to subscriber in a month

= {% project subscribed} x {project value of bill credits in month}

Amount billed by OYA in a month = {Value of bill credits provided to subscriber in month} x 90%

Bill credit savings in a month = {Value of bill credits to subscriber in month} x 10%

Calculation Example (not real data):

5,000 kWh produced per month, $0.20/kWh credit rate, 40% subscription

Project value in month = 5,000 kWh x $0.20/kWh = $1,000

Value to subscriber in month = $1,000 x 40% = $400.

Amount Billed by OYA Solar = $400 x 90% = 360

Bill credit savings to subscriber in month = $400 x 10% = $40