California’s net energy metering (NEM) program, which allows homeowners with solar panels to sell excess electricity back to the grid, will soon come to an end. This means that homeowners who are considering installing solar panels should act quickly to take advantage of the program’s benefits before it’s too late.
Net metering has been a crucial component of California’s renewable energy policy, helping to make solar installations more affordable and accessible to homeowners. Under the program, homeowners who generate more electricity than they use can receive credits on their utility bills, effectively reducing their overall energy costs.
However, the current NEM program will expire in 2022, and the new program that replaces it may not offer the same benefits to homeowners. The details of the new program are still being finalized, but it’s expected to be less generous than the current program.
That’s why homeowners who are considering going solar should act now to lock in the benefits of net metering while they still can. By installing solar panels before the program ends, homeowners can take advantage of the full credit value for their excess electricity, which can significantly reduce their energy bills.
But the benefits of installing solar panels extend beyond net metering. Homeowners can also take advantage of federal and state tax credits, which can help offset the cost of installation. Additionally, solar panels can increase the value of a home and make it more attractive to buyers in the future.
There are also environmental benefits to installing solar panels. By generating clean energy, homeowners can reduce their carbon footprint and contribute to a more sustainable future for California and the planet.
Overall, installing solar panels now is a smart choice for California homeowners who want to save money on their energy bills, increase the value of their homes, and contribute to a more sustainable future. Don’t wait until it’s too late to take advantage of net metering and other benefits – act now to go solar and start reaping the rewards.