Proposed changes to California’s net metering (NEM) incentive programme will severely reduce residential PV’s value proposition in the state, cutting its solar market in half by 2024, Wood Mackenzie has warned.
Proposed net metering (NEM) rules in California that would add a US$8/kW per month grid access fee for residential solar systems have been described as “regressive and out of touch with reality” by a NEM policy expert.
California regulators have proposed a raft of changes to a state solar incentive programme, including reducing the credit homeowners with PV systems would receive for selling excess electricity back to the grid.
A coalition of 347 organisations has warned that potential changes to California's policy support for rooftop solar could set back climate change progress and harm low-income access to solar energy.
