The investment group will use the bonds to refinance the land leases it holds under 57 solar projects totaling 1.2 GW in capacity.
The deal, negotiated between solar advocates and Rocky Mountain Power, will grandfather all solar customers who sign up before that date – and recover those outlays by charging ALL customers an extra fee.
Rocky Mountain Power, in reaction to an agreement with solar advocates to extend net metering, is asking to recover those costs through fees on non-solar customers.
Existing net metering customers are grandfathered into the current net metering arrangement for 18 years, while ending net metering for customers installing solar after Nov. 15. After that, a three-year transition to a program based on a value of solar methodology will commence.
A “consumer protection group” almost entirely funded by every major fossil fuel company in the country is using the “cost-shift” argument to attempt to weaken support for solar in the state.
After years of steady, relentless growth, the U.S. residential solar market is struggling with challenges on both the policy and customer acquisition fronts. And as the market diversifies away from California and the Northeast, the future is far from clear.
South Carolina and Pennsylvania also saw significant increases in solar permits granted, but California and Colorado both dropped by nearly 30%, according to the latest OhmHome report.
Rocky Mountain Power is asking the Wyoming Public Service to slash severely the reimbursement rates it is required to pay to qualifying facilities under the 1978 law, arguing falling solar and natural gas prices mean those rates are too high to sustain long term. (READ THE FULL FILING HERE)
OhmHome’s May Solar Index report shows solar permits in the Golden State rose 12% from April, with Arizona close behind with 10% growth.
The third party solar provider plans to set up kiosks in retail locations in five states by the end of June, with more to come by the end of the year.
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