Concord, NH – A bill relative to net energy metering, SB 333, was heard in committee today, which increases the cap for customers who are generating renewable energy and are selling it to utility companies.
“Building on the progress we made last session aimed at reducing energy rates for New Hampshire residents and businesses, this bill serves to increase the cap for energy generating customers who sell surplus supply to utilities. Removing the cap will not only encourage expanded energy diversity and use of renewable energy resources by homeowners but will encourage growth in the solar and renewable energy industry in our state as well,” said Senate Majority Leader Jeb Bradley, who chairs the Energy and Natural Resources Committee.
“While there are benefits of increasing this cap, we need to make sure that in a region with some of the highest energy costs in the nation, energy customers who do not take advantage of residential solar are not burdened by high electric rates due to renewable energy subsidies. This bill offers a realistic compromise that will keep rates in check for both regular ratepayers and renewable energy customers.”
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