Paying PG&E for power in San Lorenzo feels like a losing battle, especially since their Net Billing (NEM 3.0) policy rolled out. The old model of selling excess solar power back for high credits is gone. Today, achieving true energy independence and significant savings requires a different approach: pairing solar panels with a home battery. Without one, you're giving your valuable solar energy to the grid for pennies.
Benchmark Cost Analysis
The Real Cost of a Solar & Battery System in San Lorenzo
While a basic solar-only system might look tempting at around $8,050 after credits, it fails to maximize savings under NEM 3.0. That's why most homeowners now choose a combined solar and battery system. The upfront cost for this setup is approximately $23,500. After claiming the 30% Federal Solar Tax Credit, the net cost drops to around $16,450. This investment is designed to provide energy security and slash your reliance on PG&E's volatile rates, offering a clear payback in about 10 years.
Incentives & Tax Credits
Federal & State Solar Incentives for 2026
California homeowners have powerful incentives to lower the cost of going solar. The primary one is the 30% Federal Solar Tax Credit, which deducts $7,050 from the total cost of a $23,500 solar and battery system. Additionally, the state's Property Tax Exclusion for solar systems ensures that your home's value increases without raising your property taxes—a significant benefit in Alameda County.
Net Metering: Pacific Gas & Electric (PG&E)
NEM 3.0 (2023)
Critical 🔋
Understanding PG&E's NEM 3.0 Net Billing
Under NEM 3.0, the credit you receive for sending surplus power to PG&E is only about 5-8 cents per kWh. However, during peak evening hours, you might pay PG&E 40-50 cents or more for that same kWh. This massive difference is why solar-only systems no longer make financial sense. A battery lets you store your 5-cent energy and use it later, avoiding the 50-cent purchase. It puts you in control, not the utility.
Projected Savings
Locking in Your Energy Savings
A solar-plus-battery system dramatically changes your energy economics. By storing the free solar energy you generate during the day, you can use it to power your home during the expensive evening peak hours. This self-consumption strategy is key to defeating PG&E's Time-of-Use rates. For a typical San Lorenzo home, this leads to an estimated $1,641 in annual electricity savings, effectively zeroing out a large portion of your monthly utility bill and protecting you from future rate hikes.