ACT NOW – BEFORE THE NET METERING RULES CHANGE
Net metering, the agreement customers enter into with SDGE when they install solar, is going to be renegotiated soon. Customers who have already installed a solar panel system, and those who sign up soon, are grandfathered in at a $5/month grid interconnection fee for the next 20 years and receive retail rates for the surplus energy they produce and put back onto the grid. Once solar production capacity reaches 5% of peak energy demand, SDGE will be able to enact a newly negotiated grid interconnection fee. Though the actual amount has not been approved yet, many experts expect the monthly fee to increase with an undetermined rate for surplus energy (it could be as low as wholesale energy rates).
Current Net Metering Status (as of June 30, 2015)
This represents the current NEM Installations and Applications in Queue (Cumulative MW Installed under NEM + NEM MW in Queue). This number is calculated by SDGE and was last updated on June 30, 2015. Of the 606.7 MW available under the current Net Metering Agreement (5% of peak demand), 422 MW are already installed or in the queue (3.48% of peak demand). 185 MW remain until the current Net Metering Agreement closes.
WHEN WILL THE NEM CAP BE REACHED?
SDGE’S ESTIMATE: April or May 2016
CALSEIA’S CONSERVATIVE ESTIMATE: Between May and August 2016
CALSEIA’S AGGRESIVE ESTIMATE: January 2016
NOW IS THE TIME TO GO SOLAR !!!
With the current net metering agreement coming closer to the cap in SDGE’s territory, those who act now will benefit greatly by locking-in retail rate credit for surplus energy production and the $5/month minimum grid interconnection fee for the next 20 years! While we don’t yet know how much this charge will go up, everyone in the solar industry is aware that SDGE wants to significantly increase this monthly fee for customers with solar.
If you’ve been thinking about going solar, it’s time to get serious or risk missing out on lower fees from SDGE. Request a free quote and see how much you could be saving!
Lock-in Lower Energy Rates With Solar
With utility companies averaging a 6-7% annual increase, you can expect your bill to double every 12 years. Going solar now allows you to lock-in lower energy rates (as low as $0.06/kWh) and, in many cases, requires $0 down. That means you can start saving on your energy costs and immediately see an increase in monthly cash flow. With about 10 different financing options such as 1.99% financing, and PACE programs such as HERO and YGRENE, we’ll be able to help you find the solution that’s best for your personal situation. Don’t delay – get started now to ensure your eligibility to take the 30% Federal Tax Credit for 2015!