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What is NEM 3.0?
On December 15, 2022, The California Public Utilities Commission (CPUC) passed NEM 3.0, a new net metering policy that will drastically reduce the monthly energy bill savings for new solar owners.
What does it mean for my home or business?
Under NEM 3.0, customers of PG&E, SCE, and SDG&E with solar systems will receive an average of 8 cents per kWh for the excess power they push onto the grid. This is roughly 75% less than the average export rate of 30 cents per kWh under NEM 2.0.
Act now before it's too late!
Homeowners have until April 13, 2023 to complete an application, in order to be grandfathered into NEM 2.0 for 20 years. Lock in higher export rates, a shorter payback period and higher cost savings.