Did you know CPUC has mandated changes to your energy cost?
What happens after April 13th, 2023? What is NEM 3.0, and how would that affect your bill?
You might have heard about NEM 3.0—but what does it mean for you? If you’re a California homeowner who’s curious how they can save on their energy bill, we’re here to make things simple. We’ve put together a quick guide to help you understand what is Net Energy Metering, how it will affect your energy bill, and what you can do about it.
Here's what you need to know
NEM 2.0 is simple
✓ $10 connection fee
✓ Fair market value for the energy put out into the grid
✓ Lock in the same rate for 20 years!
You can save up to 50% on your current energy bill
NEM 3.0 is not as simple
✗ $15 connection fee
✗ Exchange rate will change hourly with where and when you produce power
✗ 15-year agreement with energy company
If you include a battery in your energy system with NEM 3.0—
You could still save up to 10% on your current energy bill.
Simple Power is offering an easy solution so you can go solar in 2023
Don’t wait until the deadline to see if you qualify! The NEM 2.0 program expires on April 13, 2023, but sigining up before the deadline means your policy won't change. And with Simple Power, it's easier than ever– even if you already have residential solar panels, our team can still help you save on your monthly bill!