NEM 3.0 will cut California’s residential solar market in half, WoodMac says

By Kevin Clark Consulting firm Wood Mackenzie released analysis saying California’s newly proposed net metering tariffs would cut the state’s residential solar market in half by 2024.

The California Public Utilities Commission (CPUC) proposal, known as NEM 3.0, would reduce payments granted to rooftop solar customers for the excess power they generate, which is known as net metering.

The proposal would also add monthly hookup charges of $8 per kilowatt (kW) of installed solar. The charge is intended to capture residential solar adopters’ “fair share of costs” to maintain the grid and fund public purpose programs.

The proposal, issued by energy regulators December 13, was scheduled

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