NET METERING 3.0 EXPLAINED
California changed their solar policy on April 13, 2023 to what is now known as NEM 3.0. Here you can find answers about what the major changes are and how they effect you as a solar customer.
HOW TO ACHIEVE SAVINGS
Learn about how solar savings are possible under NEM 3.0 rules.
Am I too late to save money?
No—solar savings are still possible under NEM 3.0 rules. Solar Negotiators’ Powershift® Program is about solar savings, smart battery protection, and grid independence. We’re helping empower homeowners to minimize the amount of energy they pull from the utility grid by combining the perfect amount of solar and battery storage.
Maximize use of solar power
During the day, when the sun is at its highest, your solar panels will produce enough energy to power your home. Any excess energy produced should be stored in your battery instead of being pushed back to the utility grid. This is because the rate your compensated for power won’t match what you’re being charged to use it under NEM 3.0 rules.
Minimize reliance on the grid
At night, when the sun is down, your solar panels won’t be producing power. Normally, this is when you would have to draw energy from the utility grid. With NEM 3.0, you will charge your battery during the day with any excess solar power you produce and draw from it later (at night) to avoid paying peak utility rates from consuming power.
How long will it take to save?
Average payback periods will vary greatly depending on what your energy goals look like. Some customers will prioritize energy independence with home backup capabilities, which can extend the payback period significantly.
However, if your goal is more savings-focused, it is likely our solar experts can help you design a solar and battery storage system that will bring you a return on your investment in just 10-12 years. Keep in mind, the average payback period under NEM 2.0 policy was 7.5 years. Click here to learn more about how to calculate your average payback period with solar.
How much will I save?
This is the number one question on people’s minds. The good news is you can still achieve significant lifetime savings with a solar and battery storage system. Although the payback period will be slightly extended (2-3 years longer), your lifetime savings can range from $50,000-$120,000. This is only 30% lower than average lifetime savings projections under California’s NEM 2.0 policy.
Your lifetime energy savings will be equal to the number of years you plan on living in the home times your average annual savings. Annual savings is the difference between projected annual energy cost offset and your financing payment for your solar and battery storage system.
Go Solar for Less than $150/Month*
*Not an official quote. Prices represent the minimum monthly costs associated with each plan option.