Have you seen the news the last few years around changes to the future of solar in California? These changes affect new solar customers who submit applications to the utility after April 14th, 2023, with a few exceptions for new construction projects. Under NEM 3, also known as “Net Billing”, the value of the “excess” solar that is produced and exported to the grid (spinning the meter backwards) will lose around 75% of its value-but all is not lost.
Jeff Mathias, previous Synergy Co-owner, and current Synergy employee wrote an informative blog about why solar still makes financial sense under the new NEM 3 program.
Do you think that you missed out on installing solar if you did not get an application in before the deadline? To find out why that is not the case read Jeff’s blog here.