The SVCE board recently voted to revise their NEM Annual Cashout Policy. I received a letter in the mail about policy change today.
In the past, and through the April 2022 cashout, SVCE will pay their retail generation rates for any surplus energy you sent to the grid during your true-up period. This includes TOU pricing. Basically, any credit balance above $100 would be paid out by check and lesser amounts would be rolled over to the next annual period. After the April 2022 cashout, SVCE will only pay 200% of the PG&E Net Surplus Compensation rate for any net surplus kWh. For CARE/FERA customers (low income qualified) they will pay 250% of the PG&E NSC rate.
Their solar page below describes the new policy.
www.svcleanenergy.org