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How credits work

What Dominion does with your extra solar power.

Clear answers about net metering in South Carolina — how credits work, true-up in November, and how to get the most from your system.

Last reviewed: 2026-08-05

How Net Metering Works with Dominion Energy South Carolina

You get 1:1 credits for the extra electricity your system sends to the grid during the year. In November, Dominion totals your credits and applies any balance to your bill.

1. You generate

Your solar system produces electricity for your home.

2. You send excess

Extra power flows to the Dominion grid.

3. You earn credits

You receive 1:1 bill credits for each kWh sent.

4. November true-up

Dominion totals credits and applies any balance to your bill.

1:1 Credits During the Year

For every kilowatt-hour (kWh) your system sends to the grid, you earn a credit for one kilowatt-hour.

Year-to-Date Example (Through July)
Energy sent to grid1,250 kWh
Credits earned1,250 kWh
Used from grid1,050 kWh
Credit balance200 kWh

Your credits offset future use.

November True-Up

In November, Dominion calculates your credit balance value. Recent values have been about 2.8¢ to 3.4¢ per kWh.

November Settlement Example
Credit balance200 kWh
Credit value (avg)0.031 $/kWh
Settlement credit$6.20

Rates vary. This is a typical recent range.

Dominion Energy South Carolina

  • 1:1 net metering for residential customers
  • Annual true-up in November
  • True-up value typically 2.8¢–3.4¢ per kWh (last reviewed 2026-08-05)
  • Credits do not roll over to the next year

Three Ways to Use Your Solar Power

Every home is different. Here's how your solar energy can work for you.

Use it now

Power your home with solar first. You use less from the grid and keep more in your pocket.

  • Lowest cost electricity
  • Immediate bill savings
  • Reduces grid dependence

Send it to the grid

Send extra power to Dominion and earn 1:1 credits during the year.

  • Earn credits for excess
  • Offsets future usage
  • Simple and automatic

Store it in a battery

Store extra power for later, at night or during outages.

  • Use more of your own power
  • Backup during outages
  • Greater energy independence

Dominion Net Metering FAQ

What is net metering?

It is the billing arrangement where the extra power your panels send to the grid earns you a credit that offsets power you pull back later, one for one during the year.

Do credits roll over to the next year?

Banked credits are settled at the annual November true-up and do not carry into the next year, so a big permanent surplus has limited value.

When does the true-up happen?

Once a year, in November. Dominion totals your banked credits and applies any remaining balance to your bill at the avoided-cost rate.

How much is my credit worth?

During the year, credits offset usage at the retail rate one to one. At the November true-up, leftover credit settles at roughly 2.8–3.4¢ per kWh (last reviewed 2026-08-05).

Do I need a special meter?

Dominion installs a bi-directional meter that measures power in both directions. We coordinate the interconnection paperwork for you.

Are there fees or minimums?

Utility terms include standard service charges and can change. We review Dominion's current rider with you so there are no surprises.

Can I add a battery to my system?

Yes. A battery lets you store your own surplus instead of banking it for a low true-up rate, and keeps essential loads on during outages.

Where can I learn more?

Dominion publishes its net-metering rider and program details. We are happy to walk through how they apply to your specific home.

Want the details straight from Dominion?

Review Dominion Energy South Carolina's net-metering rider and program details.

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