What you need to know about NEM 3.0
Changes Coming in April to Rooftop Solar Net Energy Metering
Net Energy Metering (NEM), a major incentive program for residential solar energy will be significantly reduced on April 13, 2023. If you've ever considered going solar, now may be the time to act.
California’s new NEM 3.0 policy was passed in December 2022 by the California Public Utilities Commission and was written with the intention of discouraging Californians to move to greener energy.
According to David Moya, founder of Socal Solar Pros, “Net metering can be complicated to explain. Basically, it is a system that allows you to lower your electric bill by selling extra power generated by your solar panels back to the utility company. This helps balance the electricity supply and demand on the grid and allows homeowners and businesses to save money on their energy bills”.
However, California's NEM 3.0 policy is reducing the amount utility companies will pay for excess power generated by solar panels by an average of 75%. The difference adds up. Although going solar will still save homeowners money, the lifetime investment can differ by thousands of dollars. This policy is a major blow to California's solar industry and to all of the homeowners and businesses who have yet to invest in solar energy.
Moya expressed disappointment with the new policy, stating that it aims to eliminate competition from residential solar and discourage homeowners from choosing clean energy sources that can save them money, increase their property value, and protect against rising electricity costs.
Moya is dedicated to helping residents of Montebello and the surrounding area understand their unique energy needs and find the best solar solutions for them. With a wide range of options available, from small-scale residential systems to larger commercial installations, Socal Solar Pros is committed to finding the perfect fit for each individual customer.
Take advantage of the opportunity to save money on your energy bills and make a positive impact on the environment. Visit www.socalsolarpros.com or contact David Moya directly at email@example.com or firstname.lastname@example.org for more information on the services Socal Solar Pros offers.
With 1.5 million rooftop solar systems already installed, solar power currently provides 14% of California's total electricity from large-scale projects and another 10% from residential rooftop systems.