PV Tech: After five months of negotiation and a purported solar impasse that delayed more than 500 solar projects in Massachusetts worth US$617 million, an official consensus has been reached.
On Tuesday, House and Senate leaders concurred on raising the net metering cap by 3% – alleviating the obstacles for ratepayers to receive credit for generating extra power from modules. However, at the same time, the agreement means that the value of the incentives for new projects will decrease. The final wording of the bill allows smaller scale projects to benefit from higher retail reimbursements rates – which last year was around US$0.17/kWh, according to reports. Commercial or community projects however are excluded and entitled to a less favourable wholesale reimbursement rate.
The most significant government policy, business, and technology news and analysis delivered to your inbox.
Subscribe Nowi360Gov is an intelligent network of websites and e-newsletters that provides government business, policy and technology leaders with a single destination for the most important news and analysis regarding their agency strategies and initiatives.
Telephone: 202.760.2280
Toll Free: 855.i360.Gov
Fax: 202.697.5045
The most significant government policy, business, and technology news and analysis delivered to your inbox.
Subscribe Now