What You Need to Know Before Buying a Home with Solar

With the recent changes to solar it will be very important for Buyer’s to ask the date that the solar system was installed on the house, and get more detailed information. If it was installed after April 14th 2023, it will most likely be on NEM 3.0, which may not have nearly the same value as an older system from NEM 2.0. If you have questions, I’m glad to answer them.

Quick Points:

• Solar moving to NEM 3.0 basically REDUCED the effective production rate of a standard solar system by ~70%!

• There is gray area on timing. Many homeowners qualified for NEM 2.0 before April 14th, but didn't get the actual installation completed until after that date.

• Most systems have a 20 year “grandfather clause”, so some older systems from the early 2000’s may be closer to updating to the new NEM platform.

• This only applies to PG&E locally. NOT Roseville Electric or SMUD as of the last time I talked to them. (SDGE & SCE in SoCal also fall under new NEM 3.0)

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