What Is NEM 3.0 and How Does Solar Battery Storage Factor In?
NEM 3.0 is California’s updated solar net metering policy, effective April 2023, for PG&E, SCE, and SDG&E customers. Under NEM 3.0, the compensation solar customers receive for exporting excess electricity back to the grid varies based on the time of day, day of the week, and month. On average, these rates are about 75% lower than those under the previous NEM 2.0 policy.
Solar batteries help homeowners adapt to NEM 3.0 by allowing them to store excess solar energy instead of sending it to the grid at reduced rates. This stored energy can then be used during peak pricing hours or when solar production is low, maximizing the value of your system and reducing dependence on the utility grid.