If you look at the best solar & renewable energy markets in the U.S., they all have one thing in common: a strong net metering program. Net metering – or NEM – allows you to earn credits for any excess solar electricity you send to the grid when your solar panel system generates more than you need.
After years of back and forth before coming to a proposed decision, on December 15, 2022, the California Public Utilities Commission (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) – however, you still have through April 14, 2023, to submit a completed interconnection application and lock in NEM 2.0 rates for 20 years. In this article, we’ll explain what you need to know about NEM 3.0 and the steps you need to take now to guarantee the best solar savings.Continue reading