Small solar businesses and clean energy advocates worry it'll gut the industry, but the state says the change will boost access for Californians who can't afford solar.
The new rule goes into effect for homeowners installing solar after April 2023. Here are some highlights from theIt only affects Southern California Edison, Pacific Gas & Electric and San Diego Gas & Electric. The decision does not affect existing solar customers.
Commercial and residential customers would see about a nine-year"payback period," or the amount of time it takes to make back, through lower electricity costs, the money you spent up front. Payback periods are currently about six years, though that can vary depending on the home.solar power, it would increase those return rates during specific times, particularly summer evenings when demand soars and solar power fades.
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