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> It was kind of shady how everybody was rushing to get solar earlier this year so they could get grandfathered in before NEM 3 took effect, making all these co
by aidenn0 3y ago
> It was kind of shady how everybody was rushing to get solar earlier this year so they could get grandfathered in before NEM 3 took effect, making all these complicated long-term ROI calculations, but this other new policy that would invalidate all those calculations was kept secret until after NEM 3 took effect.
Since this surcharge is independent of usage, this shouldn't affect the solar calculation, right? That is, if you don't install solar you pay $USAGE + $SURCHARGE, if you do install solar you pay $USAGE+$SURCHARGE-$SOLAR. The total dollars saved with solar should be identical, unless you were banking on a per-kWh increase.
- downWidOutaFite 3y agoThe proposed policy splits the current bill into two part, it reduces the existing per kWH price to add the surcharge price. With solar you sell your excess generation to the utility at the per kWH price, so with the new policy the utility will pay you less. On top of NEM 3.0 already reducing what the utility pays for solar, these projects won't make financial sense anymore.
- aidenn0 3y agoThanks. I knew that and then forgot it over the course of commenting on the article.