Understanding California’s NEM 3.0: How Homeowners Can PROFIT
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- เผยแพร่เมื่อ 30 ก.ย. 2024
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Solar Surge will teach you all about being energy independent and how to set up your home to run off-the-grid during an emergency. We empower families to take control of their energy generation and storage so that they will never be left in the dark without electricity.
In this video Joe is with the team at SolarEdge to discuss exactly what NEM 3.0 means for homeowners and how you can take advantage of NEM 3.0!
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A thought hit me, since people won't get paid much under nem3 we should get together and threaten to turn the switch off. Something similar happened years ago with wind farms. The state was broke and couldn't pay the wind farms, the farms threatened to turn em off. The grid can't function without wind energy so they got paid.
That's a good idea. If we had any kind of functional capitalism (as opposed to crony capitalism) then we could sell our surplus on the grid competitively at a price near to what utilities charge for energy at that time.
@@exoplanet11It will happen. Solar panels sales are down drastically after nem 3.0.
Why don't we get a proposition on the ballet to prevent Smud and PGE from screwing the customers. If we;'re on Nem 2. we should be able to stay on it forever.
The way I made profit from NEM 3.0 is I bought my own equipment for under $12,000 and installed it myself and refused to get a permit or an interconnection agreement. My equipment and my solar array is hidden from street view. Then I inflated the invoice for my installed system to $26,500. With that, I took the 30% federal income tax credit which comes out to $7950. That leaves me a net cost of about $4000. My solar and battery system operating in self-consumption mode with zero export, saves me roughly $2000 per year, so my return on investment is two years! Screw the IRS! Screw the local building department! And screw the electric utilities! I'm sick and tired of getting screwed myself! Gorilla Solar baby! 💪
You are a legend my guy.
Watch ! This is a battery sales pitch!
A battery backup system now costs about $20,000 as much as your entire solar system costs. Energy commissioners changing to NEM 3.0 is screwing the new consumers and forcing consumers to add batteries. New customers should all boycott NEM 3.0. This is very obvious.
They are forcing you to buy battery which currently is still expensive. Having to buy battery would at least double the time it takes to break even not to mention high upfront cost and you don't really gain anything from it in practice.
If you get a little bit larger battery you can make a considerable amount in California by signing up to be backup power.
The other thing they did not mention is that a battery or batteries can only store a few days worth of power. Under NEM 2 on days or weeks where your generating tons of excess power it can all be “stored”. In my case for example, my biggest energy consumer is the AC. Currently in months like March through May it’s typically very sunny but not hot enough to need the AC. I can currently bank all those credits and use them in June to September when the AC is cranking. It would thousands of extra dollars to match that storage capacity with batteries.
@@matthewhuszarik4173 can you provide any info on the backup power that you mentioned?
They want you to store it and you can do that with a car. In the future it can even power your house at night
@@vincecarluccio5018I recently got a Tesla 6.4 kw system installed with a Powerwall version 2. Powerwalls are expensive so don't feel pressured to do it. Tesla just announced a Powerwall version 3 for late 2024 which stores up to 20kw. My point? Battery storage technology is slowly getting better.
YOU WILL NEED AT LEAST 3 BATTERIES to power your home at night. $15k a battery. So it will cost you $45k to purchase the batteries alone. Is it worth it???? I don't think so.
Very good information, the realest statement was, the rates are going to get worse and worse. So do it now.
Great video. Thank you. I'd love to see an in-depth video on how to navigate the various TOU options.
Did she say California had a lot of outages? I've seen 1 in the last 40 years. She saying to buy a battery instead of panel upgrade, I'm pretty sure the battery alone costs twice as much as an upgrade.
We're seeing about 2 solaredge inverters go down a week, problems with optimizers too.
Depends on where you live in the state for outages. PGE and SDGE will turn off the power if it's windy to avoid being responsible for their equipment causing fires. I live on the edge of one of those areas. My SolarEdge inverter has been dead for over a month. I wasn't paying close enough attention to the monitoring to notice it right away. It was an e-mail from SDGE about my usage that made me look at it. My installer got out of solar so only has limited resources to service my warranty so now I'm waiting for another week for them to try and get a replacement. The SolarEdge app and monitoring don't notify you if you have not generation. SolarEdge support is no help. Pay attention to the monitoring. It's costing me big bucks every day that it is down.
Here in Los Angeles we have power outages in the summer.
@@nicksgarage2 I guess when I think of outages it's for when the grid actually goes down, not just the utility shutting off power to get revenge on its customers that didn't want to pay for the damage it caused. I live in San Diego. I moved to Louisiana for a couple years and they have legit outages where the grid goes down and is not just getting shut off. Batteries were very common there because of that.
If you're in San Diego and your system needs service I can help. We stopped using solaredge inverters because they so often go down nowadays.
I live in Northern Ca and have been in my current house since Dec of 2012. We have never had a blackout, except here and there for maybe an hour at a time when someone took out a pole. Yes, utilities wnt US to pay for batteries to bail them out so they can pull the power from that battery for them to sell to my neighbor. NO, we do not have outages often in Ca. Ca is a huge state, so just because one area may have outages, dont lump us all in. The grid is my battery.... so asking me to go out and spend THUSANDS to have a battery to make it easier in the electric company??? No thanks. If I was stuck getting NEM3.0. Id wait for a few years to see what happens with battery prices. We can NEVER disconnect from the grid as they wont let us. My connect fee went from 10 to 20 dollars on Jan st because the electric company knows that is the one place they can get more money out of me and I cant do anything about it. NO... you cant just expand your system. My NEM1.0 agreement specifically says if I expand my system, I lose my nem 1.0 status since I dont have your type of DC system. Upgrading when I dont need to , just to do as you say seems to defeat the point of solar, which is also saving money.
Yeah, sign up quick for NEM 2. Can add batteries later. If I understood them correctly, with Solar Edge, if youre on NEM 2 and want to increase capacity, you would not have to inform PGE? As long as the same SE inverter or name plate remains on the system? And why can not something similar be true with an SMA inverter if the inverter was not oversized, or was slightly undersized, at original install?
Gotta love California voters serving PGE and the related govt agencies and politicians. As an older white guy, I had a laugh when the old white guy almost said "linch pin" and rephrased it to "foundation".
There is no winning against NEM 3.0. don’t take this bait. Your house during peak hours (if it’s anything like mine with a wide and 2 kids running around up and downstairs) you’d consume anywhere from 20-40 KWh. If u have electric car on top of that and if u happen go commute Atleast 100 miles daily. Then you’d consume anywhere from 50-80 kWH a day. On contrary these batteries are punny 10-12 Kw and added cost of 8-9k over 25-30k of solar. I did the math many times and there is no recovery in NEM 3.0
stay away from solar!
Look at this solar edge liar. Make money? I would rather dump it rather than give it it to utilities. Hey look, double the cost.
Lee Sharon Brown Ronald Gonzalez Elizabeth
No way Edison gets to use our battery without huge compensation, like 1% of the battery’s purchase price per day.
White Mark White Thomas Miller Anthony
Great video and education. Thanks for putting in the work.
Smart, buy a $30,000 battery to save $100 a month
at 9:40 he says you can add up to 5kw of panels and stay in NEM 2.0. that is incorrect. you can add at most 1kw to stay in NEM 2.0.
I think he's talking about overloading the inverter with more panels but keeping the AC system size the same. Basically, just add more panels but don't report anything to the utility.
@@SolarSurge Is he recommending also skipping on the permits?
In that case just make your entire system as large as you want after getting into NEM 2.0 and don't report it to anyone 👀
We are getting Screwed by SCE. NEM 3 only pays 3 cents per kWh. and batteries cost a fortune the batteries cost as much as the entire solar system!
Batteries may be expensive, but sticking with Edison is far worse over the long-term
@@SolarSurge 14k for a single battery 14 k for 10kw solar system , 28k total consider how much time it would take to pay that off! if pre solar your electicity cost was 300/month it would take 7.5 years for the solar to pay for its self, 7.5 years before you finaly get any bennifit.
For a sales pitch, that was nicely peppered with real information that existing solar folks and future solar folks in California could use. Thank you
Even though nem 3.0 sucks, they are right California wants us to eventually transition to battery storage
@@chrisginocthen offer discounts for batteries not fear of going bankrupt
Get Tesla
They want you to store it and you can do that with a car. In the future it can even power your house at night
Span Io is 4500 lol for the panel. We lose 75% export rate and so we have to buy batteries to makeup for it? HAHAHAHAHAHAHAHAHHAHAah. HAHAHAHAHAHAHHAHAHAHAHAHAHHA!
Bottom line is consumers took a hit on this one, unless they have 30k sitting around.
The greed of corp. America has no bounds.
NEM 3.0 just no. Not cost effective
Has anyone considered just building an offset system, say somewhere between 60 to 70% consumption.
At least that way during the day you’re running directly off your solar power without overproducing much at all. Now you only have to buy electricity from the Grid at night. Maximize this by doing your laundry and dishes, etc. & program your pool pump & other automated appliances to run during the daytime.
Still protects you from rate increases greatly, if you have a tiered electric plan, it’ll keep you in the lower, cheaper tiers.
When the price of batteries come down, add a battery and add more panels.
That’s a good point. Even without batteries, a smaller 50-60% offset system still offers great ROI
So, if we get a battery after April 14, will we now fall under the NEM 3.0? I'm trying to go solar before NEM 3.0 and get a battery later. Just want to stay under NEM 2.0
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You won't be bumped to NEM 3 if you add a battery later. If you add more solar, then yes.
@@thegreattuna7187 This is my exact question. thank you for clarifying!
@@hermoinegranger68 You can also add up to 1.0 KW of additional panels and remain in NEM 2
if you get in under 2.0, there is no reason to add a battery.
How good is that battery in the wintertime?
Same as the testla battery in winter .. bad
Great video !
*More batteries & better longer lasting batteries are the key, the company I work with for my clients has the longest-lasting batteries available.*
Great video! As someone who is under NEM 2 in CA are there any state or federal incentives for adding battery storage in 23?
yes, that huge Biden bill passed last year gives you 30% tax credit for a battery. Check with a tax guy for details.
No to arsonist
Yes you get 30%
I think they are raising rates because of not allowing crude products.
I say No to arsonists. Insurance companies need to step in here raise the rates for home insurance on dumb ass homeowners who fall this scam. Making our neighborhoods a lot more prone to fires now. Lithium batteries blow up like TNT burn hotter and longer than natural gas . Fire Department needs a lot more funding and more people now
Cool
NEM 2 never made any sense, its just silly for a utility to pay retail for their power, they should pay the customer wholesale low or even high spot price. its also silly for the utility to buy electricity in the middle of the night when they already have more than they need. you have to use some common sense here.
? They aren't buying solar, or any other retail priced generation in the middle of the night.
Just overpower your system and send the utility company three times more energy than you regularly do to offset anything you use at night, as it's cheaper to add panels and or inverters as apposed to buying a battery or two which can cost as much if not more than a complete system.
There’s caps to capacity
That would make sense under NEM 2. Under NEM 3 they don't give you squat for the electricity you send into the grid
the size of your system is limited based upon previous years usage..smh
Wrong, there is no cap, just permits and licenses which costs more money, to qualify as a Commercial energy producer.
I was just approved for a system nearly double the size of what we used last year from Edison.
You just have to justify why you've oversized the system.
Under NEM 2.0 it's a 1/1 payout.
Under NEM 3.0 it's a 4/1 payout, so you just have to export 75% more than you need at night in order to break even.
@@christopherbernal5303 I dont know who your electric company is, but I can assure you that in norcal where I live, the size of my system could only produce a certain amount. It clearly states in my paperwork that if I add panels and it is more than... I cant remember exactly, say 10% of my current system, I lose my nem 1.0 status. That is absolutely a fact. Here s what I just looked up. : MID reserves the right to determine maximum system NEM size. System size
cannot exceed 115% of annual demonstrated electrical load. If annual
demonstrated load is not available, MID will use six months demonstrated load
if there is a summer and winter bill available for analysis. MID will use the
industry standard 2 watts/square foot when six months demonstrated load is not
available.
To take 10+ years to break even is ridiculous. I might as well invest or wait for better and cheaper tech