At this point you’ve probably heard about the roll out of NEM 3.0 that is set to take effect this year in May of 2022. This new net metering policy is expected to significantly increase the rates solar customers pay on their solar system. On January 27, 2022 a proposed NEM 3.0 will be decided at the CPUC’s (California Public Utilities Commision) Voting Meeting. The conclusion of the CPUC will have a large impact on solar in California and anyone looking to install solar panels on their home. Once the proposed NEM 3.0 is confirmed, it will go into effect on May 28, 2022.
What does this mean for you?
If you’ve ever considered solar, this means you should go solar before the deadline to get grandfathered into the current NEM 2.0 and take advantage of all the benefits of solar while the benefits are still available. By securing NEM 2.0, you’ll be able to lock in the highest short-term and long-term savings with solar.
NEM 2.0 Benefits
NEM 2.0 is ideal for anyone looking to save more just by going solar! So many Californians are taking advantage of the savings with solar through NEM 2.0.
Currently, NEM 2.0 provides kWh credits for any excess solar energy that can be used to offset kWh and given to the grid at another point in time. NEM 2.0 ensures the kWh credits are reduced to guarantee the solar owners pay only a fraction of the retail energy price that is used to fund low-income assistance and energy efficiency programs.
In other words, any solar energy you don’t use gets put back into the grid and used to help others that need that energy, and you get a credit just for helping!
Getting grandfathered into NEM 2.0 means you’ll get to take advantage of all the solar benefits for years! If you already installed solar panels on your home, then you’re already familiar with the process and you’re covered for 15-20 years from the date of interconnection depending on your income status.
So, what changes are expected in NEM 3.0?
The utility companies are hoping to accomplish several things:
- The proposal will include increased new monthly charges for residential solar customers.
- A reduction in compensation for your excess solar energy broken down to just over wholesale cost.
- Possible “Grid Access” charges that are based on solar system size.
- Reducing the amount of time customers can take advantage of NEM 2.0 to 10 or 15 years.
- An arrangement of “gross metering” – which is also referred to as “buy all, sell all” – where no solar owner could use any of their own energy, and instead would connect their system directly to the grid and ultimately receive a payment for the energy produced.
These points won’t necessarily all be approved or guaranteed. However, every Californian should be aware of these key takeaways that could take effect in the next few months. Nonetheless, our team is here to help and make sure you are taken care of to the fullest.
At Sunlogix Energy, our goal has always been to help you save as much money by going solar. That means fully educating you on solar updates in California, the cost savings, and overall benefits of going solar. The major point we want to highlight is that if you want to take advantage of solar and pay less for energy, you should connect with our team today so we can get you the best deal for your solar system. We’ll ensure you get locked in NEM 2.0 and you can take advantage of 26% federal solar tax credit. Take a look at solar as a 20-year investment to decide if it works for you! Bottom line, let our team help you explore your options, no matter what your situation is.
Our solar company is located in Palm Desert, California near Bermuda Dunes, Indio, La Quinta, Rancho Mirage, Cathedral City, and other surrounding areas. Sunlogix Energy was voted in 2020 and 2021 for Best Of Solar in California! Contact us today for a free solar estimate and see why so many Californians choose us as their solar partner.