California lowers incentives for rooftop solar panels

The policy approved unanimously by the California Public Utilities Commission lessens the overall payment for selling excess power.

California utility regulators on Thursday approved major changes to the state’s booming rooftop solar market that they say will more evenly spread the cost of energy and help reduce the state’s reliance on fossil fuels in the evening.

The state has long led the nation in adoption of rooftop solar panels, and today more than 1.5 million California homes and other buildings have them. Under a decades-old program, people with solar panels can get paid by their power companies by sharing excess solar energy they don’t need, leading some solar homes to pay minimal electric bills.

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Source: The Washington Post

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