3.0 proposal by the California Public Utility Commission is once again a windfall for the utilities and disaster for California residents.
The estimation of a nine-year payback under the proposal is more correctly almost 20 years. The numbers the CPUC chose to use are not based in reality. The cost of an installed system is 35 percent more than $3.30 per watt and if you want a battery included, that is another $7,000 to $25,000 added to the cost of the system.
Arguments for changing the NEM 2.0 have been debunked. Changing to NEM 3.0 is requested by the power companies to increase revenue and profits. Apparently supported by the CPUC for political reasons without thought or care for the thousands of people in the industry that will lose their jobs due to political positioning by a group that is appointed by the governor and confirmed by the state Senate.
Yes, I agree. The payback computations remind me of some of the make-believe passages in “Alice in Wonderland.”