Have you considered adding solar or battery storage to your home? This year, it’s important to think about your energy options carefully, because utility rates are going up, net energy metering may change, solar incentives are ending, and California wildfires and climate change are becoming more serious.
Utility Rate Increases
PG&E has increased your rates by 20% since the start of this year alone, with more increases planned in the next few months. In addition, the California Public Utilities Commission (CPUC) has already proposed a 22% hike from 2023-2026.
Net Energy Metering (NEM)
Earlier this year, the CPUC proposed significant changes to California’s net metering program that could reduce incentives and lead to longer payback periods for solar installations. With new monthly fees, reduced compensation for solar energy sent back to the grid and reduced eligibility periods, current and future solar customers will be impacted. With additional changes to time-of-use rates, solar batteries will also be more attractive than ever. Go solar now to lock in NEM-2 rates before changes take effect. To help protect CA rooftop solar from the utility profit grab, sign the petition: www.savecaliforniasolar.org/sign-petition
Solar Incentive Tax Credit
The 26% Federal Tax Credit for residential solar is available through December 31, 2022. The tax credit will be reduced to 22% in 2023 before going away entirely.
On its own, solar panels won’t continue to power your home during outages. Adding battery storage to your solar system will help keep your lights on and outlets working during a power outage or Public Safety Power Shut Off (PSPS). Store the energy your solar produces to use when you need it most!
Renewable energy can help reduce our carbon footprint and aid in the fight against climate change. With the potential to lessen the severity of extreme weather events and wildfires, you can make a difference when you make the switch to solar energy.