NV Energy and Solar Net Metering: The Past, Present and Future

Solar Panels Reno NV
Share
Reno Solar Power: Past, Present, and Future

Understanding NV Energy’s past, present and future will help shape your solar purchase decision for your Nevada home. First, let’s dive into a brief history of the utility company that has, until recently, had a pretty tempestuous relationship with the Nevada populace, particularly those in Reno. 

NV Energy Rate History: Net Metering Changes

Nevada first started implementing net metering at the retail rate in 1997. Over the years the policy has changed, allowing more renewable power production, and at more affordable returns. 

In the summer of 2015, like in past years, Nevada was about to reach their renewable energy cap. That May, legislators passed Senate Bill 374 moving the decision to the Nevada Public Utility Commission (PUCN).

When August came that year, the PUCN extended current payment through the end of the year. This gave a glimmer of hope, but when December came they voted to implement NV Energy’s energy proposal. This allowed NV Energy to charge all solar customers 40% more for fixed fees and cut their excess metering by 50%.

In response to the PUCN’s decision Governor Sandoval had the Nevada Bureau of Consumer Protection file a motion to block the ruling. Unfortunately, for legal reasons, Sandoval could not intervene in the PUCN’s decision.

This change affected everyone. Solar companies had to pull out of the state, forcing many to find new jobs. Rallies and protests ensued. 

Nevada’s Current Net Metering Decision: Assembly Bill 405

Over the next two years, a war waged in Nevada over solar power. Finally, in March of 2017, the AB 405 received approval from Sandoval, turning Reno once again into a solar power hub. 

This new bill establishes protections for and ensures the rights of solar customers.  Net metering will now stay even if Nevada decides to deregulate electricity. Solar customers are also protected against higher solar related fees.

These new provisions secure solar for those choosing to invest in it from now on out. Many can now breathe with ease knowing that their investment was not all for naught. 

The Future of Solar for NV Customers: Why You Should Go Solar As Soon As Possible

For those who don’t have solar yet, the time to get it is now. The net metering rate is set to change after every 80 megawatts of solar generation. Below is a table of the schedule that will impact users as it is listed on the Net Metering Page of Nevada Public Utilities’ Commission Website. 

  • 95% of the retail rate: This is the current net metering rate for those who agree to net meter on or after the effective date of June 15, 2017. This rate will be in effect until the amount of electricity produced by net metering systems signed up at this tier equals 80 megawatts. Customers who sign up to net meter under this rate will keep it for a period of 20 years at the location where the net metering system was originally installed. (“Retail rate” is defined as the Base Tariff General Rate (“BTGR”), Base Tariff Energy Rate (“BTER”) and Deferred Energy Accounting Adjustment (“DEAA”) Rate combined. For more information on the BTGR, BTER and DEAA, please review the PUCN’s Northern Nevada Electric Rates & Charges fact sheet or Southern Nevada Electric Rates & Charges fact sheet.)
  • 88% of the retail rate: The net metering rate will decrease to 88% of the retail rate when the amount of electricity produced by net metering systems under the 95% tier equals 80 megawatts. Customers who sign up to net meter under this rate will keep it for a period of 20 years at the location where the net metering system was originally installed.
  • 81% of the retail rate: The net metering rate will decrease to 81% of the retail rate when the amount of electricity produced by net metering systems under the 88% tier equals 80 megawatts. Customers who sign up to net meter under this rate will keep it for a period of 20 years at the location where the net metering system was originally installed.
  • 75% of the retail rate The net metering rate will decrease to 75% of the retail rate when the amount of electricity produced by net metering systems under the 81% tier equals 80 megawatts. Customers who sign up to net meter under this rate will keep it for a period of 20 years at the location where the net metering system was originally installed.

Nevada’s biggest year for solar produced 100 megawatts. If this trend continues, you can expect buyback rates to decrease by 7% each year until it reaches the floor rate of 75%. The good news is that those who get solar for their Reno homes will get the rate at which they first installed solar for 20 years.

For those that opt to get solar now, you’ll get 95% of the retail rate for all their excess energy until 2038. If you plan on getting battery backup for your system before 2038 when the rates change, it won’t affect you.

Go Solar Group only installs systems that are compatible with battery backup. Meaning there is no need to worry about your current system’s ability to integrate with batteries down the road.   

If you get solar from Go Solar Group, you also have the option of getting a free emergency battery backup. Emergency battery backup gives peace of mind when the grid goes down. Let’s be honest; everyone could use some more of that.

Categories

Impressed

★★★★★
5 5 1
We were impressed with this company right off the bat. And it was a distinct pleasure to have Ralph in our home to make the sale. Installation was neat and efficient. Only wish projected savings could have been a little more realistic, as it looks like it will take about 20 years, not 10, for the system to pay for itself. We're OK with that, because we like feeling just a little less dependent on the power company for our electricity.
Join Our Newsletter

Calculate Savings

Customized Solar

Get accurate solar savings for your home or business

Free Solar Guide

Get your Complimentary Solar Guide

  • FREE QUICK QUOTE
  • This field is for validation purposes and should be left unchanged.
Website Security Test