Dominion Energy's NEM 2.0 Proposal: What It Means for Solar in Virginia

Net metering works a lot like a bank. You deposit energy when your solar panels produce more than you need, and you withdraw it when you need more than you produce. But imagine if your bank changed the rules and said, “Thanks for your deposit, but we’re only giving you $0.45 back for every dollar you put in—because we spent a lot of money building the bank.” Would you be excited about that? Dominion Energy has officially filed its proposal to overhaul net metering in Virginia, and the changes they’re pushing could deal a serious blow to solar installations in Virginia. If you’re a homeowner or business considering solar, this proposal directly affects your energy savings, your rights, and your return on investment. Here’s what you need to know. What Is Dominion Proposing? Dominion’s new “NEM 2.0” proposal would drastically change how solar homes & businesses are credited for the electricity they send back to the grid. Instead of the current 1:1 energy net metering—where your exces ... Read full article.