California assemblymember introduces bill to repeal NEM 3.0

AB 2619 will repeal the NEM 3.0 decision and require the CPUC to create a new rule structure based on the clean energy goals set by SB 100.

California Assemblymember Damon Connolly (D-San Rafael) has introduced new legislation to reduce fees and taxes on residential solar projects and restore incentives to Californians that were recently diminished by the California Public Utilities Commission (CPUC)’s NEM 3.0 decision.

NEM 3.0 cut the incentives that utilities were required to pay solar homeowners when pushing surplus power to the grid by approximately 75%, plummeting demand for solar adoption throughout the state and threatening many solar installation businesses. In addition to the projected loss of 17,000 jobs, NEM 3.0 has also jeopardized California’s ability to meet its ambitious clean energy goals.

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Source: Solar Power World

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