> Customers who have new systems installed and approved for grid interconnection before the effective date in April will be grandfathered in to NEM 2.0 rates.
Am I reading that right? People who already had their system in place get to keep the old rate forever?
I mean, since it’s a purchase that people make that’s designed to recoup an upfront cost over 5-15 years, it seems like making a dramatic pricing change that retroactively screws over everyone who had previously installed solar would be a great way to ensure that people are extremely cautious when they install solar.
This at least gives new purchasers some degree of confidence that they’ll be able to rely on the present pricing when costing out an install.
As others have pointed out, this isn't an optional thing. My understanding is to build a structure in California, it has to have solar on it. It's just part of the cost of housing at this point.
Am I reading that right? People who already had their system in place get to keep the old rate forever?