Solar Cap Expiring: Act 236
Act 236 is state legislation passed in 2014 that forced investor owned utilities, like Duke and SCE&G, to allow a customers to choose a rooftop solar net energy metering (NEM) policy. Net metering is the agreement that rooftop solar customers sign with the utility that gives them full retail credit for their unused energy. It is the lifeline of rooftop solar: without a 1-to-1 NEM agreement, it wouldn’t make financial sense to go solar (just ask friends in SC that have a co-op like Berkeley Electric).
Nearing the cap
Act 236 stipulates that only 2% of the utility’s customers can go solar, and we are nearing that cap. This year (2018), we have seen regulators try to introduce new legislation to extend the cap by another 2% (to 4% total), but that has failed the last two sessions of congress. It now appears that new regulations won’t get passed before the cap is reached.
Read Act 236 legislation: www.statehouse.gov.
Read the latest news: www.utilitydive.com/
What does this mean for you?
This means that if you want to consider solar for your home or business, now is the time to act. When the cap is filled up, the utilities will not accept new NEM customers. RayWell Solar is currently choosing select neighborhoods to offer free site evaluations to find quality candidates for rooftop solar. Our goal is to help as many SCE&G customers gain their energy independence and save money.
No upfront cost
Solar is not expensive. It is cheaper than the SCE&G’s rates. Your home needs power, so why not get it from a cleaner, less expensive option? You currently have the choice to switch to solar with no upfront cost and a lower monthly payment than your current bill. Average customers are saving $30,000 over the lifetime of the system.
Act now before the cap is reached and you no longer have a choice!
Duke Energy Territory
Duke Energy in the Upstate has hit its NEM cap. Click here to read their updated website.