California assemblymember introduces bill to repeal NEM 3.0

California assemblymember introduces bill to repeal NEM 3.0

California Assemblymember Damon Connolly (D-San Rafael) has launched new legal guidelines to reduce prices and taxes on residential photograph voltaic initiatives and restore incentives to Californians that had been not too way back diminished by the California Public Utilities Charge (CPUC)’s NEM 3.0 selection.

NEM 3.0 lowered the incentives that utilities had been required to pay photograph voltaic homeowners when pushing surplus power to the grid by roughly 75%, plummeting demand for photograph voltaic adoption all via the state and threatening many photograph voltaic set-up firms. Together with the projected lack of 17,000 jobs, NEM 3.0 has moreover jeopardized California’s potential to fulfill its formidable clear vitality targets.

Assembly Bill (AB) 2619 will repeal the NEM 3.0 selection and require the CPUC to create a model new rule development primarily based totally on the clear vitality targets set by Senate Bill (SB) 100, which devoted the state to reaching 100% clear carbon-free vitality by 2045. AB 2619 will make sure that incentives are restored for residents who generate clear power for the grid and prohibit the imposition of current charges, taxes, prices or prices on group photograph voltaic shoppers that are fully completely different from what’s assessed on all completely different ratepayers for electrical power or each different service along with vitality transmission.

“When talking with North Bay residents and Californians all via the state, it’s clear that additional taxes on photograph voltaic and the elimination of incentives which have helped offset the worth of photograph voltaic arrange has had excessive penalties on our potential to generate clear vitality,” talked about Assemblymember Connolly. “The NEM 3.0 selection has disincentivized clear vitality adoption with rooftop photograph voltaic product sales down between 66 to 83% and 1000 of employees left with out good-paying jobs. AB 2619 will restore our dedication to a sustainable, clear vitality future and provide discount to Californians who’re struggling under these new pointers. We must always determine to our goal of reaching 100% carbon-free vitality by 2045.”

NEM 3.0 went into impression in April 2023. An analysis carried out by Wood Mackenzie estimates that the residential photograph voltaic market in California will most likely be decrease in half by this 12 months and payback durations for typical residential photograph voltaic initiatives will improve from 5 to six years to 14 to fifteen years, counting on the utility agency. Furthermore, according to a survey by the California Picture Voltaic and Storage Affiliation, these alternatives have diminished rooftop photograph voltaic product sales between 66 and 83% as compared with the an identical time in 2022. Furthermore, virtually 43% of photograph voltaic firms surveyed in California talked about it might be troublesome to stay in enterprise over the winter.

AB 2619 now awaits the duty of a protection committee inside the State Assembly.

Information merchandise from Assemblymember Connolly


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