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.
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