It depends on the state, but yes, that is mostly correct--some states you basically give it to the power company for free other give you full retail. There is no need to 'save' the power for a year or more.
There are battery systems available (such as the tesla powerwall) that will allow you to store the power and use it during times when the sun is not available. Still, there is absolutely no need to save the power for long periods of time.
How long can the power walk store electricity? Can it save all the power from the summer and use it during the winter?
What about the times of blackouts from your power company that runs weeks at a time. It would be nice to save all the power from the sun and not rely on the power company for anything.