Nevada reinstates key solar energy policy

Ashley Carr
June 17, 2017

In December 2015, utility regulators upended state law in an abrupt decision to eliminate solar net metering, blindsiding Nevada's solar industry and almost 30,000 rooftop solar customers.

Senate Bill 150, which relates to energy effiency programs in Nevada.

According to a statement on his website, Governor Sandoval will sign AB 405 at 9:30 AM on Thursday at a Tesla warehouse in Las Vegas. Sunrun and Vivint Solar also said they will return to the state. The growth of the residential solar industry has slowed recently in several Western states.

Tesla, Sunrun, and others promote net metering to encourage the switch from fossil fuels to renewable energy. The credit declines overtime in 7% for every 80 MW of rooftop solar energy deployed, until it reaches a floor rate at 75% of the retail rate.

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"Because of Nevada's pro-renewable energy policies, more than $6 billion has been invested in our state".

Under the law, utility customers with rooftop solar will be compensated at 95 percent of the retail electricity rate for solar energy they put back into the grid. CEO Elon Musk boycotted the state until Nevada reinstated the policy, which requires public utilities to purchase excess power from rooftop solar panels.

Governor Sandoval approved a measure that backers say will bring solar installations, local jobs and consumer confidence back to Nevada.

In a speech at the signing ceremony, Tesla Chief Technical Officer JB Straubel said the new legislation would "bring in thousands of jobs and millions of dollars in positive economic benefit" to Nevada "over time".

Other reports by My Hot News

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