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    Home»Solar Energy»California approves plan to cut payments to solar homes for energy sent to grid
    Solar Energy

    California approves plan to cut payments to solar homes for energy sent to grid

    By December 19, 2022No Comments2 Mins Read
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    cracked old solar panel

    robypangy/iStock through Getty Photos

    California utility regulators on Thursday unanimously accredited a plan that lowers how a lot utilities pay for properties that set up new rooftop photo voltaic panels and ship vitality again to the grid. .

    The coverage, that the California Public Utilities The Fee proposed final month, altering what is called “internet metering” to offer smaller credit to photo voltaic homeowners for extra energy in comparison with what utilities would pay for different clear vitality sources.

    The plan additionally presents credit to photo voltaic techniques that embrace battery storage, which supplies properties a reserve of extra energy when demand is low throughout the day. The battery will ship energy to the grid when the solar goes down and demand is increased.

    Current rooftop photo voltaic clients are usually not affected by the brand new plan.

    “The up to date tariff charging construction is designed to optimize the usage of the grid by tariff clients and encourage the adoption of built-in photo voltaic and storage techniques,” in keeping with a choice of the executive decide fee legislation. “These adjustments will assist meet California’s local weather targets and improve reliability, whereas selling affordability in any respect revenue ranges.”

    Photo voltaic firms say the controversial internet metering system is a obligatory incentive to put in rooftop panels and assist the atmosphere.

    California utilities argue that the rooftop photo voltaic program is outdated as a result of they have to go the prices of the subsidies on to clients, unfairly charging hundreds of thousands of others who haven’t got photo voltaic panels. akin to low-income households.

    “California is able to usher within the subsequent section of our bold local weather change agenda, and this resolution is a part of that,” Alice Reynolds, president of the fee, stated in an announcement. “We’re constructing a powerhouse of fresh vitality storage for grid use at night time.”

    Associated tickers embrace (NASDAQ: RUN), (NASDAQ:SPWR), (NYSEARCA: TAN), (NASDAQ: FSLR)(NYSE: NEW), (NASDAQ:ENPH), (NYSE:PCG), (NYSE: EIX), (NYSE:SRE), (NASDAQ: ARRY), (NASDAQ:CSIQ), (NASDAQ: FTCI), (NASDAQ:MAXN), (NASDAQ: SEDG) and (NASDAQ:SHLS)

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