The local Murrieta, CA energy system provider report details the upcoming changes to solar surplus crediting, which will drastically limit the financial benefits of owning solar panels. The new bill is expected to be passed in California by May of this year. Given that installations can take up to 16 weeks to finalize, it is critical that people interested in attaining the benefits of NEM 2.0 contact an installer before the new bill is passed.
More information is available at https://bakerhomeenergy.com/solar-home/net-energy-metering-3
Undoubtedly, the economic benefits of solar energy will never be better for the producer than they are now. This is due to the NEM 3.0 proposal which, as anticipated, favors utility companies over solar producers. NEM, otherwise known as Net Energy Metering, is a system that returns surplus solar energy to the producer in the form of positive credit that offsets their utility bill.
Given varying weather conditions and sunlight exposure throughout the year, panel owners often found that they produced too little energy to sustain themselves in the winter, and too much in the summer. To counter this, NEM 2.0 enabled these producers to send the energy surplus back to the grid at a high credit rate and avoid extra monthly charges on their bills.
Under the new California bill, it is estimated that producers will pay an extra $72 per month and receive 84% less credit in NSC (Net Surplus Compensation). However, solar systems implemented before the new bill is passed will be locked into the NEM 2.0 system for 15 years.
Baker Electric is a home energy company providing solar systems as well as heating and air conditioning units. They are committed to providing clients with clean energy solutions that consider their unique needs. In addition to installation, they can undertake permit paperwork that prospective producers may find daunting.
Their transparent financing options enable clients to pay for their renewable energy systems in the most convenient way. They can discuss the benefits and drawbacks of each payment option to ensure their customers always make the optimal decision for their personal situation.
More information can be found by visiting https://bakerhomeenergy.com/solar-home/net-energy-metering-3 or by calling +1-760-642-1952.
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