The End of 1:1 Retail Net Metering
Under the old NEM 2.0 rules, if you sent 1 kWh of excess solar power to the grid, the utility credited you at the full retail rate (e.g., $0.40). Under NEM 3.0, export rates were slashed by roughly 75%. If you send power to the grid during the middle of the day, you are credited at a highly reduced "avoided cost" rate (often around $0.05 to $0.08 per kWh).





