Energy

Solar power advocates slam new California proposal to reduce subsidies

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California regulators on Monday proposed significant changes to the state’s solar incentive program in a move vehemently opposed by industry advocates.

The new policy would reduce payments granted to solar customers for the excess power they generate — a policy known as net-energy metering — and also add monthly charges for customers. These changes would apply to new customers as well as consumers and businesses who already have rooftop panels.

The California Public Utilities Commission said the proposed changes, in a decision known as NEM 3.0, are meant to encourage consumers to install battery storage systems alongside solar panels, so they can store the excess power generated by…



Source cnbc.com

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