As of July 1, 2017, if your utility is SCE and you are considering solar, you will be enrolled in the Net Energy Metering Successor Tariff (NEM 2.0).
The two major differences between the original NEM 1.0 and NEM 2.0 are that there is now a $75 connection fee and, more importantly, NEM 2.0 agreements require the user to utilize TOU (Time Of Use) pricing when calculating the solar energy credits earned through production and energy debits used through consumption. In other words, SCE will no longer just simply add and subtract kWhrs produced and used to come up with the "NET" in kwhrs. Rather, they calculate the dollar value of the kWhrs produced and consumed to come up with the NET in dollars.
How does this affect you?
If you're considering solar, it will tend to favor West facing facets over East facing facets (all other things being equal) so you produce more power during the On-Peak hours which have more value than other hours.
If you have any questions about NEM 2.0 and/or TOU pricing, please don't hesitate to us a call. Our consultations are free and we can send you some literature on the subject.
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