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NEM 3.0 would cut California solar market in half by 2024: study

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Tesla Solar Panels

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California regulators are reviewing proposed changes to solar incentive programs that would cut the state’s solar market in half by 2024, according to a new report from energy research firm Wood Mackenzie.

The California Public Utilities Commission’s proposed decision, released on Dec. 13, would reduce payments granted to solar customers for the excess power they generate, which is known as net-energy metering. The proposal would also add monthly hookup charges for customers.

This would increase the payback period for solar systems, or how long it takes for the system to pay for itself. This metric is a key consideration for those deciding whether to switch…



Source cnbc.com

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