How The Chen Family Fought Back Against Energy Inflation In NEM 3
Read More Below To Learn How We're Able To Achieve Such Steller Results For Our Clients Under NEM 3
- Over $75,574 In Net Lifetime Energy Savings
- Full System Payback In Just 5 Years & 8 Months Under NEM 3
- Protected Against Yearly 8% Increase In Energy Rates
- Reduced Installation Cost With 30% Tax Rebates & Incentives
The Chen Family Energy Problems
The Chen family a family of 4 with an electric car recently purchased their home about 2 years and 3 months ago. Quickly noticed their electricity bill go up every year at an average pace of 8%
They wanted to go solar. However they were on the fence due to a recent Net Metering policy change from NEM 2 to NEM 3 which significantly reduced the number of credits they would receive from PG&E.
But, we have a solution!
Problems
- Their electricity bill was going up 7-9% on average every year
- PG&E export rates changed after NEM 2 reducing the benefits of solar (we had a solution)
- Wanted to maximize their electric car savings
The Evolution Solar Solution
They were referred to us by a previous client and decided to move forward with us due to our stellar reputation and kind words from our previous customer
From initial consultation, to proposal, to system design, to final installation completion it took just 2.5 weeks for completion. Reason being everything from designing to installation is done in house and nothing is outsourced to 3rd party vendors
- 2.5 week turn around from initial consultation to final installation
- We had attractive financing options if they wanted to finance their system the monthly cost was lower than their current bill
System we installed
The Chen Family would consume on average 11,887 kWh per year.
To offset this we installed a 8.170kW system that consisted of 19 Q.TRON BLK M-G2+ Solar Panels
We also installed 1 Lunar solar battery to maximize their savings under NEM 3.0 and so they could own their entire energy production, plus be protected against blackouts
Results
The Chen family completely owns their electricity production and is protected from blackouts
The Chen family no longer have to worry about their electricity bills going up every year
The Chen family received roughly 30% in rebates and tax incentives to install their solar system, significantly reducing the cost of their system
- Over $75,574 In Net Lifetime Energy Savings
- Full System Payback In 5 Years & 10 Months Under NEM 3
- 4.1% Increase in property value, according to Zillow
if they were to finance
If the Chen Family were to have chosen one of our various financing options, they would gotten a 0% down down loan that cost them $270 monthly payment, which is already $83 lower than their $326 monthly utility bill pre-solar.
benefits:
- Would Allow Chen Family to combat electricity rate increases, with no out of pocket costs
- Allows them to lock in a fixed monthly energy cost vs if they didn't their pre solar $326 monthly bill would likely double to $652/month by 2032.
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