It’s also important to emphasize that this is still _net metering_
That is, if your solar production for the year equals your energy consumption for the year, you pay $0 in energy costs[1].
You are still offsetting retail electricity rates with your own, cheaper, fixed cost form of electricity. You just get paid the same[2] for your excess production as any solar farm.
1 – It was going to be nonzero with an interconnection fee, but that got dropped
2 – $0.08/kWh is also higher than utility-scale power purchase agreements in CA, which are closer to $0.03/kWh
That’s not what the linked article says. It says any exported energy will be valued at 10% of what it did before. When you send 10Kwh to grid, you get 1Kwh back. That is why, the breakeven period increased from 4 to 14 years on a new solar installation
That is, if your solar production for the year equals your energy consumption for the year, you pay $0 in energy costs[1].
You are still offsetting retail electricity rates with your own, cheaper, fixed cost form of electricity. You just get paid the same[2] for your excess production as any solar farm.
1 – It was going to be nonzero with an interconnection fee, but that got dropped
2 – $0.08/kWh is also higher than utility-scale power purchase agreements in CA, which are closer to $0.03/kWh