Cryptocurrency Q&A
Does NEM 2 transfer to a new owner?
Does NEM 2 transfer to a new owner?
HanjiHandiwork
Mon Jul 22 2024
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7 answers
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Could you elaborate on the process of transferring NEM 2 to a new owner? Is it a straightforward procedure, or does it involve specific steps and considerations? Are there any safety measures that should be taken to ensure a smooth and secure transition? Also, is there a specific time frame or limitation within which the transfer needs to be completed? Additionally, are there any transaction fees or costs associated with the transfer process? Clarifying these points would help me understand the logistics of transferring NEM 2 ownership.
7 answers
CherryBlossomFall
Wed Jul 24 2024
Regarding the transferability of NEM 2.0 to new owners, it is important to understand the fundamental linkage between the net metering agreement and the meter number.
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Daniele
Wed Jul 24 2024
This association ensures that the benefits and regulations of the NEM 2.0 program are tied to the specific metering device installed at a residence.
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benjamin_cole_nurse
Wed Jul 24 2024
Consequently, when a home is sold, the new owners effectively inherit the existing net metering agreement.
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Alessandra
Wed Jul 24 2024
This means that they can continue to operate under the same NEM 2.0 rules and regulations as the previous owners.
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Riccardo
Tue Jul 23 2024
It is crucial to note that this continuity is limited by a specific timeframe. Specifically, the new owners can enjoy the benefits of NEM 2.0 for up to 20 years from the original installation date of the system.
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