If you look at the best solar markets in the US, they all have one thing in common: a strong net metering policy. 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.
Over the next year, California will be releasing the third iteration of net metering, or NEM 3.0. And as of summer 2021, there’s still a lot for the state to decide on – we don’t know exactly how credit values will change, or what they’ll change to, but we do know that whatever happens will have large implications for the country’s leading solar market. We’ll continue to keep this article updated with the most recent news on NEM 3.0, and in the meantime, discuss some of the proposed changes to the state’s current net metering policy, along with timelines.
In this week’s news-up, we discuss an initiative by the Department of Energy (DOE) to speed up solar innovations in the United States, as well as Apple’s plan to build one of the nation’s largest renewable energy storage facilities.
California has historically been the best market for solar in the US, and the success of the solar industry as a whole can largely be traced back to the success of solar in California. In fact, out of the more than 2.5 million residential solar installations in the US, more than 1.2 million are in California alone!
However, the future of solar in California –and of residential solar in particular–hangs in the balance. In a current review of the future of net metering in the state, a series of proposals before the California Public Utilities Commission (CPUC) recommend significantly reducing the value of residential net metering credits. For a sense of the types of proposals submitted, check out this joint proposal from the major utilities in the state, which would reduce residential net metering credits to 23 percent of their value today and impose a monthly fee on solar owners of nearly $80 per month, making new residential solar all but impossible in the state.
You may be looking for cheap solar panels available in order to really cash in on solar power. And sure, when you install solar on your home or business, you can save thousands on your electricity bills. But going solar isn’t automatically cheap: buying solar panels to install on your roof typically costs thousands of dollars. It’s no wonder that the cost of solar is among the most important considerations for today’s homeowners. If you’re thinking about going solar and worried about prices, you’re probably wondering: what are the best value solar panels and will solar get even cheaper?
For many homeowners who want to install solar panels on their roofs, a 9-kilowatt (kW) solar energy system is a good size for significantly reducing or eliminating electricity costs. Getting the right price for your solar installation and maximizing long-term savings is easy when you compare your solar quotes with the prices that other shoppers in your area are seeing. Find out more about how much a 9 kW solar panel system costs; the amount of electricity you can expect your 9 kW system to produce daily, monthly, and annually; and the smartest way to shop for solar in EnergySage’s 9 kW solar panel system guide.
If you have high electricity bills, installing a 12-kilowatt (kW) solar energy system on your home can significantly reduce your monthly costs. To maximize your long-term solar savings, you want to be sure that you get the right price for your solar panel installation. The best way to feel confident about your purchase: compare offers for 12 kW solar systems with the prices offered to other solar shoppers in your area. Find out more about how much a 12 kW solar system costs where you live, the amount of electricity you can expect your 12 kW system to produce, and the smartest way to shop for solar in EnergySage’s guide to 12 kW solar panel systems.
3.5 kW solar systems (or 3,500 watts) are the average consumption size for smaller households. When you decide to invest in home solar panels, the cost to install the system on your roof is one of the biggest factors determining your long-term solar savings. Want to know the best way to ensure you’re getting a good deal? Compare your solar quotes with the prices that other solar shoppers paid for solar systems in your neighborhood. Learn more about the cost of 3.5 kW solar systems, how much electricity they can produce, and what the smartest way is to shop for solar.
If you’re shopping for a solar energy system, one of your first questions is probably, “how much will it cost?” Prices depend on the size of your system, the type of equipment you choose, and the state that you live in, but reviewing prices for a 20 kilowatt (kW) system is a great place to start for many smaller homes. Learn more about how much a 20 kW solar system costs, how much electricity a 20 kW system will produce, and the smartest way to shop for solar.
If you have high electricity bills, installing a 15-kilowatt (kW) solar energy system on your home can be a great way to significantly reduce your monthly costs. In order to maximize your long-term solar savings, you want to be confident that you’re getting a good price for your solar energy investment. The best way to feel confident about your purchase: compare multiple offers for 15 kW solar systems against the prices that other solar shoppers in your area have been offered. Learn more about the cost of a 15 kW solar system in your area, the amount of electricity you can expect your 15 kW system to produce, and the smartest way to shop for solar in EnergySage’s guide to 15 kW solar panel systems.
If you’re shopping for a solar energy system, one of your first questions is probably, “how much will it cost?” Prices depend on the size of your system, the type of equipment you choose, and the state that you live in, but reviewing prices for a 4 kilowatt (kW) system is a great place to start for many smaller homes. Learn more about how much a 4 kW solar system costs, how much electricity a 4 kW system will produce, and the smartest way to shop for solar.