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Key Points
- NEM 3.0 went into effect on April 15, 2023, decreasing the value of solar energy credits by 75%.
- The revised policy hopes to encourage the purchase and installation of solar battery storage systems.
- SaveOnEnergy provides resources to help you along your solar journey with options for installing solar panels and battery storage.
FAQ’s
Yes. The Net Billing Tariff, also known as NEM 3.0, passed on December 15, 2023, and went into effect on April 15, 2023.
Changes to community solar in California are still under review. The program is compensated through Virtual Net Metering and is a great solar option for residents who are renters or do not want panels installed on their property.
Yes. Solar power is an excellent investment to protect yourself from rising electricity rates and power your home with clean energy. With NEM 3.0 in effect, installing a battery storage system with your solar panels may lead to higher savings over time than panels alone.