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Should I Wait Until NEM 3.0 to install solar panels?

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If you have been keeping up with the latest developments in the solar power industry, you must have come across the term NEM 3.0. It is the hottest topic of discussion these days, and everyone is talking about it. However, with new policies and regulations, you may be wondering whether it is wise to install solar panels now or wait until NEM 3.0 takes effect.

If you are in this dilemma, we are here to help you make an informed decision.

What is NEM 3.0? 

Short for Net Energy Metering 3.0, NEM 3.0 is the latest set of policies by the California Public Utility Commission and covers several solar-power-related things, chief amongst them the crediting of excess solar energy generated by solar panels in the state. 

In short, NEM 3.0 determines the amount of money homeowners can receive as credit for the excess solar energy produced by their system, and compared to NEM 2.0, it lowers it by almost 75%. That’s right after NEM 3.0 comes into effect, earnings generated by solar power panels will drop considerably, meaning you’ll save less money overall on electric bills, and it’ll take longer to see a return on investment on your solar panels. 

Should I Wait Until After NEM 3.0 to Install Solar Panels?

No!

As the current policies, NEM 2.0, provide a more significant return on investment in solar power, we highly recommend that you consider installing residential or commercial solar panels before the implementation of NEM 3.0. By doing so, you can take advantage of the grandfathering clause and secure all the benefits of NEM 2.0. However, this opportunity is only available until April 13th, 2023, so if you are still on the fence about transitioning to solar energy, this is your sign to do it.

By installing solar panels before the deadline, you can lock in the benefits of NEM 2.0, which includes net metering and other incentives. This means you can generate electricity and sell any excess back to the grid, reducing your energy bills and earning credits. Moreover, solar panels increase the value of your property and provide a reliable energy source, making it a wise investment for residential and commercial properties.

In conclusion, the clock is ticking, and the deadline for NEM 2.0 is approaching fast. Take advantage of this opportunity to secure the benefits of solar energy and positively impact the environment. Switch to solar energy today and enjoy the benefits for years to come.

Who Should I Hire to Install My Solar Panels? 

If you live in the San Diego metropolitan area, the answer is simple: EZ Solar & Electric. 

At EZ Solar, we understand that successful installation requires a range of skills and knowledge. That’s why we have encompassed all trades related to solar installation. From electrical work to roofing, we have the expertise to ensure your project is completed to the highest standards.

What sets us apart from other contractors is our unique combination of licenses. We are one of the few contractors in the entire state that holds C-10 electrical, C-39 roofing, and B-General licenses. This means that we have the expertise to handle any project, no matter how big or small.

Choose EZ Solar for your next project and experience the peace of mind of working with a fully licensed, bonded, and insured contractor.

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