The utility board also will vote on whether to end seasonal and time-based net metering credits in favor of a flat rate, while also prohibiting certain residential types from participating in virtual net energy metering.
The Successor Solar Incentive Program emerged from a mandate to replace the state’s existing solar program with incentives that encourage solar development while minimizing ratepayer cost.
Regulators approved a multi-party stipulation that caps solar applications through the end of 2021 at 1.2 MW for Duke Energy Carolinas and 300 kW for Duke Energy Progress each month.
The concept of net metering is important to understand as it affects how long your solar project takes to pay for itself, and how your contractor will design your project. Here’s what you need to know.
Industry groups focus on solar-plus-storage, or preserving the distributed solar industry, while a state agency aims to compensate rooftop solar at avoided costs and add a grid service charge.
Regulators agreed to keep net metering in place while transitioning to Dominion Energy’s existing time-of-use rate schedule for new solar customers.
One installer said the ruling would extend payback periods to as long as 25 years and effectively dry up new business in southwest Indiana.
House Bill 1787 would change the state’s net metering so that solar customers would lose roughly two-thirds of their current benefit.
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