California’s rooftop solar policy is killing its rooftop solar industry

New projects have cratered and job losses are mounting in the six months since California regulators slashed the value of home solar systems.

It’s been six months since California regulators slashed the value of home rooftop solar systems — and the market crash that the state’s solar industry warned would result is now well underway.

On Thursday, the California Solar and Storage Association unveiled data showing a 77 to 85 percent drop in rooftop solar projects since April. That’s when the California Public Utilities Commission’s controversial ​“net metering 3.0” decision, which cuts about one-third to one-half of the compensation value of newly installed solar systems for households compared to what they could have received under the state’s prior net-metering regime, went into effect.

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Source: Canary Media

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