California’s CPUC Utilities Commission is seemingly rethinking its controversial policies on how solar-generated electricity is paid and access fees by solar owners to the central electrical grid. Yesterday, after punting on the issue earlier this year, it is inviting more comments by June 10 of how solar is reimbursed to solar system owners. To Solar Integrated Roofing Corp. (OTC PINK: SIRC), solar is a core business with a strong alternative energy future.
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California CPUC Utilities Commission Is Newly Revisiting Its Controversial Solar Net Metering Issue, Asking For More Comments By June 10 In Key Nationally-Watched Decision On Rooftop Solar Payments; Solar Integrated Roofing Corp. (OTC PINK: SIRC) And Other Solar Installers Confident In Future Of Rooftop Solar.
The California Public Utilities Commission (CPUC) has been feeling the heat of a nationally closed watched decision on solar net metering 3.0, so the Commission ‘punted’ and postponed indefinitely a final decision earlier this year. An administrative law judge had notified all parties involved that it would not take the matter up at its next meeting.
Prior, in a preliminary decision, it was recommended to the CPUC that it should adopt NM3.0. There was an outcry from solar advocates — including Elon Musk, founder of Tesla (NASDAQ: TSLA) and former Governor Arnold Schwarzenegger.
Net metering 3.0 would require the state’s 3.1 million rooftop solar homeowners and small businesses to accept a new and much lower payment for solar-generated electricity system owners would try to sell back to the central power grid of utilities.
Now, Reuters reports yesterday, that the CPUC is opening the policy issue on solar once again. It has filed it will take additional comments on the issue until June 10. The central issue is that solar is seen as being subsidized by low income rate payers. New net metering 3.0 is seen as a way to make energy costs between rooftop solar system owners and low income rate payers more equitable.
An indefinite postponement follow the original ‘punt” decision. Now the utility is opening the controversy up to debate again. California CPUC Utilities Commission Is Newly Revisiting Its Controversial Solar Net Metering Issue, Asking For More Comments By June 10 In Key Nationally-Watched Decision On Rooftop Solar Payments; Solar Integrated Roofing Corp. (OTC PINK: SIRC) And Other Solar Installers Confident In Future Of Rooftop Solar.
In addition NM3.0 would force solar system owners to pay a monthly new ‘access’ fee to reach the grid. In other words, solar power would be far less attractive to buy — the payback would be far longer in terms of time — and it would serve as a disincentive to buy solar. That flies in the face of a California state mandate law requiring most new residences and business buildings be powered by solar.
Impact would be kicked in after 15 years of interconnection to the utilities — meaning a 10 year existing consumer would feel the new net metering 3.0 after five more years. Does California want solar or not?
This is not just a statewide decision, because controversial new net metering has already spread to Florida — and other states are watching California’s CPUC final decision. California CPUC Utilities Commission Is Newly Revisiting Its Controversial Solar Net Metering Issue, Asking For More Comments By June 10 In Key Nationally-Watched Decision On Rooftop Solar Payments; Solar Integrated Roofing Corp. (OTC PINK: SIRC) And Other Solar Installers Confident In Future Of Rooftop Solar
Reusable solar batteries offer solar owners one way out. Solar system users can store energy from solar and use it when utilities charge top rates — during midday hours. Users can also use stored energy in batteries on cloudy days and at night.
While Wall Street analysts are watching solar net metering 3.0 decisions closely, rechargeable solar batteries can address the net metering issues, if necessary. . These batteries are an important buffer for solar system owners. They can store excess electricity themselves — or share it with other solar system owners in community energy-sharing groups.
Partnerships are already forming between solar/roofing installers and solar battery manufacturers. Recently, Enphase Energy (NASDAQ: ENPH), a closely-watched entity in the solar sector by analysts, announced a new partnership has been reached with Semper Solaris (SS). SS is one of the fastest-growing solar, home battery and roofing contractors in the U.S.
The impact on net metering changes would mean that solar system homeowners and potential buyers — would require solar battery systems to work around a possible decision by utility companies to pay less for excess electricity they buy solar customers plus new central grid access fees charged to solar system owners.
SIRC is well positioned on the issue because it is an authorized installer of Tesla’s (NASDAQ: TSLA) PowerWall Rechargeable Solar Battery Systems.
Homeowners and small business potential buyers of solar systems can see clearly that 2022 offers them a rare chance to beat central grid electricity increases. They can also move now before federal tax credits for solar drop from the current 26% to 22% in 2023.
Central grid electricity is climbing in cost — making the payback period for solar less than eight years. Solar buyers can install systems for next to nothing if they do it now.
California CPUC Utilities Commission Is Newly Revisiting Its Controversial Solar Net Metering Issue, Asking For More Comments By June 10 In Key Nationally-Watched Decision On Rooftop Solar Payments; Solar Integrated Roofing Corp. (OTC PINK: SIRC) And Other Solar Installers Confident In Future Of Rooftop Solar
Learn more about SIRC at https://www.solarintegratedroofing.com/corporate-governance/leadership/.
Source: Stock Market Press
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