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By utilizing our dedicated solar panel design technology and our nationwide USA presence, a member of our team can walk you through the process and guide you on the ideal system and your expected financial savings.
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RRebates, tax credits and other solar
Renewable Portfolio Standard
Nevada’s renewable portfolio standard (RPS) was recently revamped to require utilities to derive 50% of their energy from renewable sources by 2030.
Under Nevada’s previous RPS, a certain percentage of a utility’s energy had to be derived from solar systems in what was known as a “solar carve out”. In order for utilities to meet this standard, they could purchase what were known as portfolio energy credits (PECs), which represent the environmental attributes of 1 kWh of electricity that is produced from renewable sources.
Net Metering in California
In 2017, California instituted a new net metering policy that established 4 different rate tiers dictating which rates customers received.
It was based on a decreasing percentage of the retail rate of power over time as each benchmark is met. For instance, you decided to install solar while the net metering program was in Tier 2. You receive a credit that equals 88% of the retail price of electricity for each excess kilowatt-hour (kWh) of energy you export to the utility’s grid. You will receive that rate for 20 years.
No Time Better Than Now For Solar In California
Your neighbor then decided to go solar after hearing about how much you reduced your monthly electric bill. By the time he installed, the net metering program was moved into Tier 3.
This means your neighbor will receive a credit that equals 81% of the retail price of electricity for each excess kWh of energy he exports to the utility’s grid. He will receive that rate for 20 years.
Updates To California's Renewable Portfolio Standard
Investor owned utility companies in Florida are required by the Florida Public Service Commission, also known as FPSC, to offer full 1-to-1 net metering to their customers. What does that mean? Florida law requires utilities to give you the full retail value for each unit of solar power you generate.
For example, if you generate more solar power than what you use, that excess power generated is exported to the grid. For each kilowatt hour (kWh) of energy you send to the grid, the utility is required to give you the full retail value of each kWh.
california Residents Saving Money
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Clark County Resident, California
“Going through the process of looking for the right solar energy company was not easy. Catalyst Solar won that race due to their concierge like service- professional, respectful, and honest- made decision super easy. Saving money always helps too!”
Clark County County Resident, California
“What I thought was going to be a difficult process turned out to be an easy and informative solar panel installation. Mike, my solar account expert, guided me through the whole process in one phone call.”