Are you considering installing solar panels in your home? You will need to enroll in the Net Billing program. This program enables you to use solar power for your home and also sell the extra electricity to the grid for payment. Net Billing is an updated version of Net Energy Metering or NEM 3.0. But there are some differences. The extra energy payment for NEM 3.0 is lower than the standard net energy metering price.
So, you need to make smart choices to save money on Net Billing. Your solar setup should match your needs, and you should add solar batteries to adjust your energy usage to save more money. Read below to know about the Net Billing work mechanism and how using solar batteries can benefit you with NEM 3.0.
How does NEM 3.0 or Net Billing work?
Enrolling in NEM 3.0 or Net Billing allows homeowners to use solar power for their home operations and sell the extra electricity to the grid. Hence, they receive payment for the surplus energy at a lower rate than the retail price. The changes from NEM 2.0 to 3.0 may greatly affect solar savings. While with NEM 2.0, homeowners take 5 to 6 years to recover their solar investment, with NEM 3.0, it will take up to 10 years. So, it would be 60% less savings over the system’s lifetime.
Hence, it is important to use solar batteries like the EP Cube. It will help you save more money and recover your ROI faster with NEM 3.0. Storing extra solar energy for later use can maximize your solar power value. Hence it reduces what you can send back to the grid. Moreover, using a battery means you will save the most on your solar system’s lifetime with NEM 3.0. This advanced solar storage system integration offers you more sustainability and reduces grid resilience. With its app, you can easily monitor energy use in real-time.
Integrating solar storage solutions within NEM 3.0 is crucial to take advantage of the available incentives. The batteries can play a versatile role in benefiting consumers with energy independence and smooth renewable energy output. Consider investing in advanced battery technologies like EP Cube to enhance its capabilities to get the most out of NEM 3.0 enrolment.