California offers many state and local incentives for going solar. One of the most popular and now most controversial is Net Metering (NEM). NEM offers homeowners the ability to earn credits for any excess solar electricity sent to the grid when the solar panel system generates more than needed.
However, be aware, that after years of back and forth, the California Public Utilities Commission (CPUC) voted unanimously on December 15, 2022, to approve California’s third iteration of net metering, or NEM 3.0. This will significantly reduce net metering compensation rates for new California solar customers (by about 75 percent). However, you still have through April 13, 2023, to submit a completed interconnection application and lock in NEM 2.0 rates for 20 years.