Tag Archives: solar industry

California PUC Ruling Boosts Solar Industry

The solar industry scored a major win Thursday when California regulators more than doubled the number of homeowners and businesses who will get full financial credit for the surplus electricity that their rooftop panels produce.

The California Public Utilities Commission unanimously approved changes to a policy known as “net energy metering,” which allows solar system owners to cut their utility bills by receiving credit for any excess electricity they send to the state’s power grid.

The California law that established net metering set a limit on the number of people who could qualify within each utility company’s territory, a limit the Legislature later raised. The utilities commission on Thursday changed the way the limit is calculated, greatly expanding the pool of people who will be eligible in the future.

Read more: http://www.sfgate.com/cgi-bin/article.cgi?f=/c/a/2012/05/24/BUAF1ON5RC.DTL#ixzz1vtOCrcZU

 
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