Net Metering continues to credit solar energy exported to the grid at retail rates, minus a few cents per kilowatt-hour for nonbypassable charges. Solar panel installation remains a solid investment financially and for the future. While other factors such as electricity rates may change, you’re guaranteed this compensation method for 20 years.
SDG&E customers need to be prepared for some significant changes through 2019. Mandatory time-of-use (TOU) schedules and a shift in the peak demand period to later in the evening are expected adjustments in how all customers are billed by the utility. Switching to a TOU rate now will allow you to claim the current on-peak time frame (11am-6pm M-F) for 5 years.
Net Metering allows you to utilize the utility as a virtual battery. When your solar panel system is producing more energy than you’re consuming, energy is exported to SDGE and you receive credit for the excess generation. Later at night or on a cloudy day, you draw energy against those credits with the utility.
Currently, going solar now gives you the best Net Metering available. Significant changes are already in the works that will affect your opportunity to save with solar. NEM 2.0 allows you to protect your compensation rate for 20 years and gives you the option to opt-in to a better rate schedule and reserve it for 5 years.