HME Electronics wanted to off-set the majority of their future energy costs while focusing on 100% sustainability and eco-friendly practices.
H.G. Fenton Co. and Home Energy Systems created a solar design for HME Electronics to meet their energy needs. This system was designed to include SunPower Dual-Tilt Helix Roof-mounted system, paired with a large carport solar array.
HME Electronics installed their 790 kWh solar system while their building was still under construction, meaning HME Electronics will be able to take advantage of energy savings from day one. This solar systems is expected to offset over 67% of their everyday energy costs, saving them over $215k annually.
Net Energy Metering 3.0 (NEM 3.0) is the incoming law created by the California Public Utilities Commission (CPUC). The new tariffs and fees will impact both residential and commercial solar systems built in California.
As this notice is posted in November of 2022, the Proposed Decision from the CPUC outlining the proposed NEM 3.0 terms is expected soon. This comes after a year’s delay. Once the new agreement is finalized and passed into law, there will exist a designation of the deadline under which new systems will continue to qualify for NEM 2.0 rates.
The new NEM 3.0 rates will be designed to lower the value of electricity during the daytime hours, when solar is producing, and increase the value of electricity during the evening hours, when solar homes and businesses purchase electricity. In short, NEM 3.0 will create a “sell low, buy high” proposition to new solar system owners.
To Californians looking to install a solar system on their home or commercial building, the NEM 2.0 rates will be preferred. As of this post, the solar industry does not know the details of how different the NEM 3.0 rates will be from the NEM 2.0 rates.
Please use the HES Solar website as a resource to learn more, and please take our offer to speak with an HES Solar Energy Consultant at no obligation.
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