By: Rick Barbano

Rick Barbano — Tue, 21 Mar 2023 02:08:37 +0000

Greetings, correct me if I have a misunderstanding, I think there’s more to be said about NEM 3.0. Like there is no more 1:1 ratio of extra power going back into grid as a form of banking and returned to the customer to offset any ” tru-up “. Because the homeowner has buy back their own unused extra power for the evening hours. Secondly, for the provider of extra unused power to not be able to exercise their own produced power at zero costs, there most likely in most cases have a ” tru-up “. The days of purchasing a 100% + system to remove yourself off the grid will be a thing of the past. Yes, installing batteries would help to get the customer off the grid but at what cost? And, Batteries Do Not last forever. Aside from the NEM 3.0, the 30% tax incentive is subjective in itself. From what I have been told, and I invite clarification, 30% works well if you are self-employed and file a 1099 return. Not so good if you have a W-2 because it is a tax credit and you may not recover the money needed for the “quoted” cost reduction to lower the loan payments. At what point does solar become so costly by comparison to the home market value that the added debt outweighs the incentive? I don’t see how the average homeowner can fund such a project. However, it is possible I may have overlooked something that would make it feasible. After receiving a quote of $97K for a system I realized I have money for my utility costs.

Comments on: How California installers can prepare for NEM 3.0

By: Rick Barbano