Some companies are leaving the state or reducing their presence there after California greatly reduced incentives for homeowners to install rooftop solar panels.
You’re mixing up your incentives here. Most of the incentives for the wealthy have not been changed (tax credit for installing solar and property tax exemption) while the incentive that would directly benefit both the poor working class and the wealthy has changed. This article is talking about the incentive that benefits both classes (NEM 2.0 vs 3.0).
Rooftop solar is mandatory on all new homes being built in California (and if you’re going through a builder, they choose which product goes on top).
In NEM 2.0 the electric companies would reimburse you for 100% of what your solar panels generated.
In NEM 3.0 the electric companies only reimburse you for 75% of what your solar panels generated.
For the working poor, even if you’re renting a home that has solar, under NEM 3.0 your electricity bill is higher than under NEM 2.0.
This affects everyone as there’s less incentive to retrofit homes with solar because it takes longer to make it worth the cost. Anyone renting a home without solar pays the full cost of their electricity usage and electricity costs are going up.
You’re mixing up your incentives here. Most of the incentives for the wealthy have not been changed (tax credit for installing solar and property tax exemption) while the incentive that would directly benefit both the poor working class and the wealthy has changed. This article is talking about the incentive that benefits both classes (NEM 2.0 vs 3.0).
Rooftop solar is mandatory on all new homes being built in California (and if you’re going through a builder, they choose which product goes on top).
In NEM 2.0 the electric companies would reimburse you for 100% of what your solar panels generated. In NEM 3.0 the electric companies only reimburse you for 75% of what your solar panels generated.
For the working poor, even if you’re renting a home that has solar, under NEM 3.0 your electricity bill is higher than under NEM 2.0.
This affects everyone as there’s less incentive to retrofit homes with solar because it takes longer to make it worth the cost. Anyone renting a home without solar pays the full cost of their electricity usage and electricity costs are going up.