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California is adopting NEM 3.0 for new installs: "Customers using solar panels can receive an average rate of 30 cents per kilowatt-hour under NEM 2.0, but unde
by IvyMike 4y ago
California is adopting NEM 3.0 for new installs: "Customers using solar panels can receive an average rate of 30 cents per kilowatt-hour under NEM 2.0, but under NEM 3.0, this rate would be reduced to only 8 cents per kilowatt-hour." Note that current systems (and those installed before the deadline) are covered under a legacy law and don't have to worry just yet.
https://housemethod.com/solar/nem-3-0-why-april-2023-will-change-the-solar-game-in-ca/ https://housemethod.com/solar/nem-3-0-why-april-2023-will-ch...
Personally I think this is an incentive to build solar + storage, so that during peak generation (early afternoon) you store your power rather than selling it back, and at peak usage (evenings) you use that. From the grid's perspective, this is much better than what has been happening. But from the public's $$ perspective, not quite as enticing.
- kurthr 4y agoThe power generators have discovered that they would like to be making the profits from installing solar rather than their customers. It's all just a margin grab typical of the customer/supplier relationship.
- ThatPlayer 4y agoOr maybe it is because power generation is only a small part of the cost in delivering electricity to homes. Grid maintenance is typically factored into your price per kWh, and under the old NEM those costs get shifted to your neighbors. Technology Connections has done a recent video about this on their second channel: https://www.youtube.com/watch?v=C4cNnVK412U https://www.youtube.com/watch?v=C4cNnVK412U
- arrosenberg 4y ago>Personally I think this is an incentive to build solar + storage It's been explicitly stated by the state agencies. I like my NEM2 pricing because it means I can charge the battery at night when power is cheapest, and sell back what I generate during the day. Also means I have a full battery most of the time in case the power goes down. This would be a way less attractive option under NEM3, and I don't quite understand why this isn't what people are being instructed/incentivized to do generally. I would think the utility would love the flexibility that offers.