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NEM 3.0 And The Future of Solar
February 7, 2022NEM 3 Changes put Solar Saving at Risk
The proposed decision by California’s Public Utility Commission would drastically reduce savings for homeowners installing solar starting next year.
The California Public Utility Commission has recently published their Proposed Decision on the next generation of solar laws called NEM 3.0, which has big implications for residential customers looking to install solar systems.
By reducing the value of the credit for solar customers who export energy to the grid as well as adding a monthly “Grid Participation charge” of $25-$50, the average system payback could double! This proposal was supported heavily by investor-owned utilities like PG&E, SCE, and SDG&E, however many consumers, environmental, and solar industry advocates are opposed and are fighting hard to protect your solar rights!
Deliberations are ongoing and we do not expect NEM 3.0 to be implemented exactly as proposed. It is clear that utilities are trying to reduce the savings for solar customers. The good news is that you still have time before any new rules go into effect! Customers installing solar at the beginning of 2022 will be grandfathered into NEM 2.0 for a period of 15 years, and lock in the best savings.
Learn about how these changes will affect you and get a customized analysis. Sign up for your free consultation with our energy specialist and get started on going solar ASAP!
