What is NEM 3.0 and how wIll it impact California homeowners?

Net Energy Metering (NEM) 2.0 is a pro-consumer agreement that has been a driving force behind the growth of California’s rooftop solar market, allowing thousands of households to benefit from clean energy and contribute to the state’s green energy goals. Despite its success, on December 15, 2022, the CPUC voted unanimously to approve California’s third iteration of net metering, or NEM 3.0. Under the new tariff, NEM 3.0 will significantly reduce net metering compensation rates for new California solar customers (by about 75 percent).  They are essentially creating a solar tax that undermines the state’s clean energy initiatives.

In this article, we’ll guide you through what you need to know about the transition to NEM 3.0 and the steps you need to take to ensure you receive the maximum benefits from your solar investment. Don’t miss out on this opportunity!  Contact us today to learn more and get started.

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You Still Have Time!

Act now to secure your solar energy savings!  You have until April 14, 2023 to submit a completed interconnection application and lock in the favorable Net Energy Metering (NEM) 2.0 rates for the next 20 years.
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What is Net Energy Metering?

Net Energy Metering (NEM) is a billing arrangement that allows homeowners who have installed solar panels to receive credit on their utility bill for the excess electricity that their solar panels generate. Essentially, when a homeowner generates more electricity than they consume, the excess energy is sent back to the grid and the homeowner is credited for that energy on their utility bill. This helps to offset the cost of electricity that the homeowner needs to purchase from the utility company

Has NEM 3.0 been approved?

Yes, NEM 3.0 was approved on December 15, 2022 and goes into effect in April 2023.

Is NEM 3.0 retroactive?

No.

Is NEM 2.0 still in effect?

Yes.  NEM 2.0 is still in effect but will be replaced by NEM 3.0 after April 14, 2023.

Will I benefit more fianancially if I install solar panels now?

Yes, installing solar panels before NEM 3.0 takes effect may result in greater financial benefits for homeowners. NEM 2.0 offers more favorable terms for excess energy credits than NEM 3.0, so if you install solar panels before the switch to NEM 3.0, you may be able to receive a higher return on your investment.

How does the timing of installing solar affect my savings under NEM?

The timing of your solar panel installation can significantly impact your financial benefits under NEM. By installing your solar panel system before NEM 3.0 takes effect on April 14, 2023, you can take advantage of the more favorable terms offered under NEM 2.0 and receive a higher return on your investment.

GO SOLAR. GO SUPREME.

Break the grip of greedy utilities and power your home on your terms.

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