Effective January 1, 2024, Public Utility Code 769. 2 mandates that all construction workers and apprentices involved in new commercial solar system installations on net metering or net billing tariffs in California must be paid prevailing wages.
The payback period refers to the time when the investment cost of energy storage cabinets is recovered through revenue. The calculation formula is: Return on investment cycle=Initial investment cost/ (Annual revenue - Annual operating cost).