Acting sooner than later can save you hundreds if not thousands of dollars on your electric bill. You will need energy no matter what, now and in the future, so why not maximize your savings?
Many homeowners want to save money with their electric bills and want to avoid the uncertainty of the rising cost of energy. The best solution for homeowners is to generate their own electricity by having solar panels on their rooftop. However, there is a looming deadline to beat and there is no definite date for it.
In January 2016, the new NEM 2.0 or Net Metering 2.0 agreement will take effect when a utility company reaches the 5% cap of of it customers using energy from renewable sources like from solar and wind. Earlier expert predictions put it at July 2017, however, many solar industry experts now predict that the 5% cap would be reached by the end of December 2016 to February 2017. The main reason for this is not just the growth in the demand of home solar panel installations but also the private utility companies building their solar farms and wind farms that are now being put to use for commercial and residential customers.
Net Metering 2.0 has already taken into effect in San Diego, CA with their utility company SDG&E. The other two utility companies are PG&E and SCE. Southern California Edison (SCE) is the utility provider for Inland Empire cities and they work under the California Solar Initiative overseen by the California Public Utilities Commission (CPUC). So if you live in Fontana California, then you are most likely a customer of PG&E, SCE, SDG&E and covered by net metering when you go solar for your Fontana home.
So what will happen in (NEM 2.0) Net Metering 2.0?
When a new solar panel customer comes in under the NEM 2.0 the first change is they have to pay a fee to connect to the utility grid. The one-time connection fee can range from $75 to $150 dollars depending on your utility. The second change will be the introduction of Time Of Use (TOU) rates when available. What this means is higher energy rates from 2PM to 8PM. For net metering solar customers, this really means is an added $30 to $50 per month when they consume more than they produce especially the ones who do not have a 100% solar offset. Last, there is a clause for other fixed charges that may be introduced in the future so who knows what and how much they will be.
Let us compare NEM 2.0 with the current NEM 1.0. The NEM 1.0 solar customers get free access to connect to the grid of the utility company because they do not have to pay the one-time interconnection fee. Also, the monthly tariffs that can amount to $30 to $50 per month will not apply to solar customers that beat the switch to NEM 2.0. And most of all, the solar customers that make it under the current NEM 1.0 will not be converted to NEM 2.0 and will be "grandfathered" for twenty years as a NEM 1.0 customer.
Doing the simple math calculation of $30 dollars times 12 months equals $360 dollars in a year. Multiply that by twenty (20) years as a "grandfathered" status equals $7,200.00 dollars in additional savings when a homeowner goes solar before the NEM 2.0 takes into effect.
Now is the time to Go Solar Fontana!