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Michigan Passes Legislation to Boost Renewables Mandate, Retain Net Metering
Greentech Media: Michigan Governor Rick Snyder plans to sign a set of sweeping energy bills passed by lawmakers this week that stand to significantly boost renewable energy investment in the state.
Senate Bills 437 and 438, which passed in the House of Representatives Thursday, will raise the state’s renewable portfolio standard (RPS) from 10 percent to 15 percent by 2021 and retain the state’s energy optimization standard (1 percent annual efficiency improvement for electric utilities) through 2021. It also boosts incentives for utilities to hit higher efficiency targets, and sets a nonbinding goal to meet 35 percent of Michigan's power needs through a combination of renewable energy and energy conservation by 2025, Crain's Detroit Business reports.
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