The California Public Utilities Commission recently introduced the NEM 3 (Net Energy Metering) policy, which replaced the NEM 2 policy for solar customers. While there are similarities between the two, there are some key differences that homeowners with solar should be aware of. At CM Solar Electric, we are here to provide homeowners with essential information about NEM 3, how it affects existing solar customers under NEM 2, and how new homeowners can save with solar power. Whether you’re an existing solar customer or considering installing a solar system for your home, read on to learn more about NEM 3 in California.
Under the new NEM 3 policy, new solar customers will still have access to net metering, which allows them to sell back excess energy generated from their solar panels to the grid. However, the new policy has reduced the compensation rate for excess energy sold back to the grid. In addition, the policy includes a monthly fee for solar customers to remain connected to the grid. Even with these changes, solar power is still an excellent way for homeowners to save on their electricity bills and help reduce their carbon footprint.
For homeowners under NEM 2, the good news is that they will continue to enjoy the same compensation rate for excess energy sold back to the grid. However, they will also be subject to the same monthly fee as new solar customers. Homeowners under NEM 2 will also have the option to stay with their existing policy for up to 20 years from their installation date or switch to the new NEM 3 policy. Our energy advocates can help homeowners decide which option is best for them based on their specific circumstances.
For homeowners interested in installing a solar system after April 15th under NEM 3, CM Solar Electric is here to help. As a SunPower certified installation company in San Diego, we offer the best solar technology and installation services to ensure that your solar system is reliable, efficient, and long-lasting. Our team of energy advocates can help homeowners navigate the new policy and guide them through the entire solar installation process. With rising electricity costs in Southern California, investing in solar power now is still the best option to save on your energy bills while reducing your carbon footprint.
In addition to the financial benefits of solar power, installing a solar system also comes with numerous environmental benefits. By using renewable energy to power your home, you are helping to reduce your carbon footprint and contribute to a cleaner and more sustainable future. With NEM 3, homeowners can continue to make a positive impact on the environment while also saving money on their energy bills. Calculate your savings today.
As NEM 3 is now officially rolled out in California, it is essential for Southern California homeowners with solar or those interested in installing a solar system to familiarize themselves with the new policy. At CM Solar Electric, we are committed to providing homeowners with the knowledge, support, and resources they need to make informed decisions about their solar energy options. With our expert installation services and guidance from our energy advocates, homeowners can rest assured that they are making the best possible choice for their home and the environment. Contact us today to learn more about how to save with solar power under the new NEM 3 policies.