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Self-Generation Incentive Program (SGIP) in California
Net Energy Metering 3.0 (NEM 3.0) in California: Impact on Solar Projects
The introduction of NEM 3.0 has adversely affected the financial returns of new renewable generation projects, leading to a significant decline in new PV installations across California. Amid these challenges, the accurate sizing of solar PV systems has become even more essential. Oversizing and excess generation are no longer rewarded as generously as in the past, meaning that over-generation during off-peak hours can directly diminish the project's return on investment (ROI).
SGIP Incentive in California and the Energy Efficiency Audit (EEA) Requirement
The Self-Generation Incentive Program (SGIP) is a critical component of California's strategy to encourage energy independence, enhance grid reliability, and support the state's ambitious climate goals. SGIP provides financial incentives for the installation of energy storage systems and other technologies that can generate electricity on-site, thus reducing demand on the grid during peak periods.