Finally, just a little over 4months wait since we applied for the HomeGen application with Genesis for solar buyback, our smart meter is now setup for automated excess solar credits moving forward. We can now also move providers if we want to and we won't have to go through this wait again as any new providers will start paying back from day one now that the meter has the correct parameters set. GST is removed by Genesis, so the rate credited for is 12c/kWh excl GST and not 13.8c. Genesis also waived off the $127 homegen application fees and provided $50 credit extra for the delay so credit to them there!
This month we also happened to receive our yearly line charges credit from Waipa networks. The $30 and $10 odd credits are my further 18% monthly corporate deal discount for electricity and gas, respectively. With the $558.63 credit balance we have left, it has paid off the last 3 months of electricity + gas invoices we had to pay while homegen application was being processed and still left us in the green with some credit left. Out last 4 months of electricity and gas has been completely free. Incredibly happy with Solar PV investment. With the current prices we are paying which are due for review in June 2023 when our contract expires, ROI is 6.8 years for Solar PV investment.