The Solar and Storage Rate (SSR) is for all residential, commercial and agricultural solar and/or solar and battery storage customers approved to install solar or battery storage on or after March 1, 2022. SMUD''s standard rate for residential customers remains the Time-of-Day (5-8 p.m.) Rate, and that does not change with the addition of the SSR.
New Solar and Storage Rate SMUD''s Board of Directors adopted a new Solar and Storage Rate for customers approved to connect to SMUD''s grid on or after March 1, 2022. The rate structure and supporting programs and incentives will transform the market from solar only to solar and storage because of the greater
Customers approved to install solar or battery storage on or after March 1, 2022 are on our Solar and Storage Rate. Our Solar and Storage Rate (SSR) is an additional component to SMUD''s Time of Day (5-8 p.m.) Rate that allows compensation and incentives that are specific to customers with solar, solar and storage or storage only approved for
SMUD''s Solar and Storage Rate. The Solar and Storage Rate is the required rate plan for people who get solar panels installed (or add more panels or a battery to an existing system) after March 2022. The SSR uses the same rates as SMUD''s Time of Day rate plan, with different electricity prices based on the time of day the energy is being used.
Depending on when your solar system was approved for installation, you''ll be on one of two solar rates. To learn more about which rate you''re on and how it impacts your excess solar generation, please select relevant date below based on when your system was approved to install, or when you moved into your current home.
We value the investments you made in your rooftop solar system. Customers like you who already have solar or solar and battery storage installed can remain on the existing Net Energy Metering (NEM) rate until December 31, 2030 unless:
Customers approved to install solar or battery storage on or after March 1, 2022, and anyone who moves into a home that already has solar installed on or after March 1 will be on our Solar and Storage Rate. This rate was approved by our Board of Directors in September, 2021.
What happens if I produce more electricity than I use?If, in any regular billing month, the electricity supplied by SMUD is less than the electricity supplied to SMUD by your solar system, then you''ll receive a retail-valued electricity credit for that net excess electricity your system supplied. The retail-valued electricity credits will carry over to the following monthly billing period until the end of the annual settlement period. Retail-valued electricity credits will only be credited against electricity usage charges during the same settlement year.
What is the settlement period?You''ll have a 12-month settlement period that starts the day you move into your new home or when your powered system is energized, during which your electricity is tracked—how much you use from SMUD, if any, and how much you send back to SMUD.
What are my compensation options for my net surplus generation?At the end of your 12-month settlement period, SMUD will calculate your net surplus generation over the 12-month period. If you have net generation, SMUD will, at your choosing, either:
Our Solar and Storage Rate (SSR) is an additional component to SMUD’s Time of Day (5-8 p.m.) Ratethat allows compensation and incentives that are specific to customers with solar, solar and storage or storage only approved for installation at their home or business on or after March 1, 2022. Customers who move on or after March 1, 2022 into a home with an existing solar system or battery storage will also be on the Solar and Storage Rate.
Excess electricity generated by customers on our SSR for power they do not use or store in their battery can be sold back to SMUD at a rate of 7.4¢/kWh, no matter the time of day or season.
There is also a one-time interconnection fee to connect new solar or storage systems to SMUD’s grid to recover the cost of providing interconnection service.Customers will not be charged an additional interconnection fee if they add storage or solar to their home after their initial installation.
As a community-owned, not-for-profit electric service, SMUD is not governed by the California Public Utilities Commission (CPUC). Our Board sets policy and rates for SMUD customers and the NEM changes currently proposed by the CPUC would not impact SMUD’s rates.
We''re investing $25 million through 2030 to incentivize battery storage adoption and transition the market from rooftop solar only to solar PLUS storage. This will deliver broader environmental and other benefits for all customers.
SMUD’s new NEM policy will have a negative effect on solar project economics. Reducing the export rate and imposing interconnection fees on new solar customers will erode the savings and economics compared to SMUD’s legacy NEM program. Like other regional markets that have sunsetted their full-retail value NEM program, energy storage systems will make stronger economic sense under SMUD’s new NEM program, as storage is used to self-consume and prevent exports back to the grid.
About Smud solar and storage rate
As the photovoltaic (PV) industry continues to evolve, advancements in Smud solar and storage rate have become critical to optimizing the utilization of renewable energy sources. From innovative battery technologies to intelligent energy management systems, these solutions are transforming the way we store and distribute solar-generated electricity.
When you're looking for the latest and most efficient Smud solar and storage rate for your PV project, our website offers a comprehensive selection of cutting-edge products designed to meet your specific requirements. Whether you're a renewable energy developer, utility company, or commercial enterprise looking to reduce your carbon footprint, we have the solutions to help you harness the full potential of solar energy.
By interacting with our online customer service, you'll gain a deep understanding of the various Smud solar and storage rate featured in our extensive catalog, such as high-efficiency storage batteries and intelligent energy management systems, and how they work together to provide a stable and reliable power supply for your PV projects.
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