The California Public Utilities Commission has just thrown a curveball at the solar industry.
The California Public Utilities Commission on Thursday proposed changes that would dramatically reduce the value of solar energy credits for rooftop installations., which will be on the agenda at CPUC’s Dec. 15 meeting where it will be subject to public comment, would slash what people can be paid for the excess energy that their solar panels send to the grid, cutting the compensation they receive from utilities for providing that extra electricity.
CPUC said the revised plan saves a residential solar customer $100 a month on average and a residential solar plus battery storage customer at least $136 a month on average. "The proposal continues to support the solar industry while it pivots to a solar plus battery storage marketplace, which will bolster the local green energy economy. To support this evolution and the industry’s growth, the proposal provides extra credits to residential customer bills who adopt solar over the next five years, which allows the industry to gradually transition from solar-only sales to solar plus battery storage sales," the commission stated.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
State regulations move to change solar power pay structure - San Francisco Business TimesThe California Public Utilities Commission has just thrown a curveball at the solar industry.
Read more »
San Francisco's newest condo developments reap diverging fortunes - San Francisco Business TimesWhile some towers are at or near capacity, other developments, especially South of Market, have multiple units unsold.
Read more »
Most Admired CEOs: John Sensiba of Sensiba San Filippo LLP - San Francisco Business TimesSensiba San Filippo LLP Managing Partner John Sensiba talks growth and becoming a B Corp: 'We went from 190 people at the beginning of the pandemic in our firm to over 350 people today.'
Read more »
Most Admired CEOs: John Sensiba of Sensiba San Filippo LLP - San Francisco Business TimesSensiba San Filippo LLP Managing Partner John Sensiba talks growth and becoming a B Corp: 'We went from 190 people at the beginning of the pandemic in our firm to over 350 people today.'
Read more »
San Jose State’s sack attack finds another gear heading into San Diego State game“We always joke about it every series. ‘Hey man, I’m going to race you to the quarterback.’ That’s all we were doing all night for four quarters, just racing to the quarterb…
Read more »
Questions over whether ICE tried to interview alleged Pelosi attacker at San Francisco jailThe San Francisco Sheriff's Department on Thursday confirmed that someone who claimed to be an Immigration and Customs Enforcement employee tried to gain access to David DePape, the man accused of attacking Paul Pelosi in his home with a hammer.
Read more »