Net Energy Metering (NEM) 2.0 is now the official utility rate policy for solar customers in California – but few people truly understand what it means for the returns of residential solar installations. For most solar professionals looking to design the highest return systems for their customers, the general rule of thumb has been to maximize energy production and offset about 95% of a household’s energy usage. However, the introduction of mandatory Time of Use rates and non-bypassable charges is changing that design paradigm, and will force the industry to adapt accordingly.
DNV GL, the world’s largest independent renewables testing, advisory services and certification company, has released its third annual PV Module Reliability Scorecard report, presenting a thorough analysis of PV module performance based on laboratory environmental testing. The study brings a consistent set of evaluation criteria to indicate long term PV module performance and covers most leading manufacturers active in the market today. The report addresses the need for the lack of reliable and independent publicly available extended environmental testing results. As new technologies emerge and are introduced into the market, advanced testing is critically needed to assess long term performance and look beyond just lowering costs.
Wind and solar are poised to radically reshape energy markets. Though the timing of the energy transition is highly uncertain, oil and gas companies need to prepare. Expertise, balance and optionality will be needed to hedge against any future erosion of the upstream value proposition and hardening investor sentiment towards carbon. Wood Mackenzie's latest insight looks at how the Majors are leading the way in shaping strategies to capture a piece of the action in this fast-growing market.