Even though California’s Net Metering Program 2.0 (NEM-2) was not as favorable as NEM-1, the state has maintained its strong solar trajectory in recent years.
California was one of the first states to establish a renewable portfolio standard (RPS) program in 2002. The latest amendment to the RPS came in 2018, which increased the target to 60% by 2030 and 100% by 2045. While there are no specific solar carve outs, it is regarded as a key energy resource to decarbonize the state’s electricity system.
This is evident with the passing of A.B 178, known as the California solar mandate. The act enforces a new building code that requires newly constructed homes after January 1, 2020 to have a solar energy system installed. The code applies to both single-family and multi-family homes that are up to three stories high.
Unfortunately, solar incentives are generally dwindling across the state. For example, once a key driver in boosting solar in California, the state eventually closed down the California Solar Initiative (CSI) in 2016 due to the significant decrease in the price of solar. However, some smaller incentives are still available through the initiative, particularly for low-and-moderate income customers.
The biggest threat to the state’s solar industry is the upcoming update to the net metering program in January 2022. While all the details have not been finalized, NEM-3 may significantly reduce earnings from solar, which could lead to a decrease in installed capacity over the next half of the decade.
Despite there being very few active solar incentives still available from the state, solar power purchase agreement (PPA) prices continue to be favorable in California. In particular, the Los Angeles Department of Water and Power’s (LADWP) Feed-in Tariff (FiT) program makes small-to-large scale solar projects extremely advantageous. California’s retail and wholesale electricity prices remain among the highest in the country, making it even easier for solar PPA prices to be competitive in the market.
As local markets change dynamically and policies remain difficult to navigate, clean energy organizations are currently forced to choose between the overwhelming flow of free information and high-priced market intelligence subscriptions that are often too expensive for small- and medium-sized firms.
At DG+, we provide succinct information that cuts through the noise and gets to the point. Reports include details on current events, opportunities and challenges, policy summaries, pricing analysis, and market share data.
The DG+ California Solar Report provides a summary of the current incentives, solar pricing, projected solar capacity, and an overview of the developers that lead the market.
Simply add the products that you wish to purchase to your cart. Upon successfully checking out, you will receive a link to download each report as well as an email confirmation (with download links).
You do not need a subscription to access DG+ research products. Simply choose the products that you would like to purchase and check out by clicking on the cart in the upper right portion of your screen.
At this moment, we do not have an online subscription for purchase. If you are interested in such a model, please contact us at email@example.com.
We plan to release new reports each quarter. These reports may include updated versions of existing products or they will include new topics.
Yes, we would be happy to provide a sample report for you. Simply send an email to firstname.lastname@example.org.
Yes, we provide tailored market research and intelligence reports for businesses, educational institutions, policymakers, and more. To learn more, email email@example.com.
By purchasing a report, you receive a non-exclusive, non-refundable, and non-transferable license that allows you to share the report within the same organization. You agree not to permit any unauthorized use, reproduction, distribution, or transmission of the information within this report without the express written permission of DG+.
We always appreciate hearing from interested individuals. Please email firstname.lastname@example.org to provide any feedback on our research products or to suggest a report topic.
Simply fill out the form, book a meeting with us, or contact us directly. We're looking forward to hearing from you!