Myth: I missed out on
the Net Energy Metering (NEM) tariff opportunity when it was available. The new tariffs require
batteries, which doubles the cost of PV systems.
it’s true that the NEM was a great opportunity and is no longer available in Hawaii*, PV
systems under the new tariffs can provide just as much savings in electricity cost, and are no more
expensive than PV systems that were under the NEM tariff several years ago. That’s because the price of
the panels have consistently gone down every year for the last several years. They are now so
inexpensive, in fact, that the savings actually offsets the cost of batteries!
Although the NEM tariff is no longer available, a new
tariff, NEM Plus, allows existing PV systems under the NEM tariff to be expanded, which means current PV
system owners can take advantage of the lower prices on panels as well! Learn more about NEM Plus