If you were unaware, solar advocates and activists have been fighting to save the solar industry in California. NEM 3.0 was proposed to the California Public Utilities Commission (CPUC) in December of 2021 which wanted to, “…reduce payments granted to rooftop solar customers for the excess power they generate, which is known as net metering. The proposal would also add monthly hookup charges of $8 per kilowatt (kW) of installed solar.” However it appears that as of right now, NEM 3.0 is dead in the water. CPUC decided that the decision on NEM 3.0 is delayed indefinitely.
NEM 3.0 would have cracked down on solar export credits by approximately 80% and add a $57/month fixed charge for the average residential system that’s partially offset by a $15/month credit for 10 years. In a public statement on Twitter, CPUC announced that NEM 3.0 is not on the CPUC’s voting meeting agenda “until further notice”. It’s extremely good news that NEM 3.0 is currently in limbo. Overall, this legislation would have severely reduced residential PV’s value proposition in California which would effectively cut the solar market in half by 2024. Additionally, it would have harmed California’s climate change efforts, cut jobs in the solar industry, and bar moderate to low income families from access to solar.
Phoenix Exteriors’ core values include building a more sustainable world for our future generations. By supporting the solar industry, you also support the fight against climate change, and you save money while doing it. Contact us today to set up a consultation for your home and learn how our PERK program can keep your lights on through all power disruptions.