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Net Metering 2.0 Is Here!
For homeowners in the greater Los Angeles area who are considering switching to solar, there are a number of major changes on the horizon that should help speed up the decision process.
Southern California Edison is in the process of phasing out Net Metering 1.0, a way in which renewable energy systems connected to the power grid allow customers to offset the cost of the electricity they purchase with the surplus power their own system produces. The new Net Metering 2.0 changes will take effect on July 1, 2017, or when the list for NEM (Net Energy Metering) 1.0 fills up completely.
What Net Metering 2.0 Changes Mean for New Solar Adopters
Net Metering 2.0 has new rate charges and fewer solar incentives which will affect Southern California residents switching to solar after July 1 or when NEM 1.0 is full, whichever comes first.
So what do the new NEM 2.0 changes mean?
Solar customers with onsite generation systems of up to 1.0 MW-AC will have to pay a $75 interconnection fee. Customers with systems over 1.0 MW-AC will need to pay $800.
There are no interconnection fees for Net Metering 1.0 customers.
Net Metering 2.0 accounts are required to pay non-bypassable charges (NBCs) for all energy consumed in each metered interval.
In contrast, NEM 1.0 customers are subject only to the charges based on the “netted out” amount of energy consumed from the grid.
Time of Use Rates
A time of use (TOU) schedule will be put in place for Net Metering 2.0 customers. This means they will be charged a higher rate for energy use during peak hours. This will especially have an impact on families who spend quite a bit of time at home or use their air conditioners throughout the day, while Net Metering 1.0 accounts don’t have time of use rates.
Go Solar Now to Be Grandfathered Into Net Metering 1.0
If you act quickly, you’ll be able to still take advantage of NEM 1.0, helping you see a higher return on your investment. By switching to solar before Net Metering 2.0 changes take effect, you’ll be grandfathered into the more beneficial Net Metering 1.0 rules for 20 years.
Don’t hold off on going solar. You’ll miss out on NEM 1.0 if you wait.
SolReliable: Greater Los Angeles Area Expert Solar Installers
Are you ready to reduce your electricity bills, avoid rate increases and lock in your solar incentives?
SolReliable can help. With a no-cost solar consultation, we can quickly determine your home’s potential for solar, and design and install a system to suit your unique needs in no time. You can take advantage of the 30% federal tax credit and various financing options, while still making the deadline before Net Metering 2.0 begins.