Solar Billing Plan for Solar + Storage Batteries
NEM 3.0 incentivizes homeowners to be self-sufficient.
The time-varying rate of energy motivates homeowners to store excess generated solar and consume it during peak demand. In addition, the rate incentivizes homeowners to export energy during high compensation periods. The combination of avoiding grid energy during peak times and selling energy during certain other peak times can result in a substantial financial return on investment for homeowners.
- Existing Solar Owners under NEM 1.0 and NEM 2.0 may add the greater of 10% of existing solar size or up to 1 kW of New Solar Panels, or Battery Storage at a later date without changing to NEM 3.0.
- Solar Billing Plan uses the TOU-D-Prime rate plan.
- Until 4/14/28, early adopters will receive an Energy Export Bonus Credit upto $0.04 per kWh.
- Storage can export kWhs to SCE when the value of the credits are highest for extra savings.
- The legacy period under Solar Billing Plan will be 9 years.
- The best SCE True-Up Settlement Bill month is June, all 12 months export credits expire. Most export credits are earned in August/September allowing 10 months of use.
- Solar may be sized up to 150% of previous 12 months usage if loads will increase. If 12 months usage is not available, customer may attest to the expected usage.
New SGIP Battery Rebate Funds Available
The California Self-Generation Incentive Program has been given another $900mm for battery rebates. Rebate for a 10 kW Storage Battery System of more than $1500.
New 30% Federal Tax Credit Extended
Under the Inflation Reduction Act of 2022, Solar and/or Battery Storage Systems will receive a 30% Federal Tax Credit through 2032.
Permitted projects are not subject to property taxes and increase home value.
Installing a solar + battery system is easier than changing cell phone providers