California — Enphase announced a solution to enhance homeowner return-on-investment (ROI) in alignment with California’s new net billing tariff, commonly referred to as “NEM 3.0.”
The solution consists of the Enphase® Energy System™, energized by IQ8™ Microinverters and IQ™ Batteries, coupled with an energy management system designed to boost ROI for homeowners.
In line with the recently introduced NEM 3.0 rules, where energy rates fluctuate based on the time of day and month, the Enphase Energy System encourages homeowners to capitalize on solar and battery systems.
This strategy enables avoidance of energy purchases during high-cost periods and facilitates earning through energy sales when export rates peak. Enphase’s system ensures that homeowners can automatically manage energy consumption and sales to maximize value, with the added benefit of providing backup power if the grid goes down.
A new addition to Enphase’s offerings includes a “grid-tied” battery system setup, enabling energy self-consumption and savings without backup.
This streamlined configuration brings down overall system components, lessens initial costs, and simplifies installation. Moreover, Enphase’s newly developed power control system (PCS) software lets installers create oversized solar and battery systems without needing a main panel upgrade.
This could lead to significant cost savings for homeowners and further reduce system payback time.
Mehran Sedigh, Enphase Energy’s vice president and general manager of the storage business unit, expressed confidence in the new system’s financial benefits. He stated, “With solar and batteries, homeowners can look forward to bill offsets ranging from 70% to 90%, and a return on investment in just 5 to 7 years for a cash system. This makes for an attractive proposition for homeowners, and we believe installers will find great success under NEM 3.0 with Enphase Energy Systems.”
Furthermore, Enphase says it has refined the Solargraf platform to simplify the design and proposal process.
This platform aids in configuring battery sizes, creating customized consumption profiles, and fine-tuning system functions for optimal self-consumption and energy export. By incorporating precise rates provided by the CPUC, Solargraf enables installers to craft more accurate customer system designs and proposals, ultimately enhancing savings and payback under California’s new solar regulations.