Net Energy Metering 3.0, or NEM 3.0, is a new credit scheme established by the energy providers that will produce around 75 % fewer credits than previously used to earn credit for providing more electricity back to the grid. Now let us explore the benefits of the newly introduced Net Energy Metering 3.0.
Benefits of NEM 3.0
Solar energy is advantageous to the natural environment and can greatly enhance the value of your property. Combining the NEM 3.0 system with solar energy is one of the benefits that greatly impacts cost savings. The following aspects show how Net Energy Metering 3.0 can be beneficial:
- Maximize savings with solar batteries
Storing excess solar energy for later use is effective because Net Energy Metering 3.0 doesn’t charge for transferring electricity to the grid. Net Energy Metering 3.0 encourages individuals to employ solar energy and battery storage to become renewable and reduce grid stress.
- Free of charges and new fees
Net Energy Metering 3.0 does not involve any solar taxes. As a result, even if the value of your solar credits has decreased, using solar energy in your home will not result in additional costs.
- Savings and Sustainability
Utilizing solar energy will result in lower energy costs and more savings. You will also benefit from lessening your carbon impact, reducing stress on the system, and having access to electricity during power disruptions.
Net Energy Metering 3.0 serves to be a significant change in the net metering policy. If you want to adhere to the solar panel and battery storage combination, contact EP Cube to save finances for the long term. EP Cube offers time-based control mode solar systems with battery storage and can strategically manage the transfer of solar energy to the grid, increasing revenue during peak times and reducing dependency throughout the summer months.