CONCORD, NH – Today, the Senate voted to increase the net metering cap for residents and businesses who sell renewable energy they generate to utility companies in the state.
This bill would raise the cap from 50MW, to 75MW and direct the Public Utilities Commission to develop a net metering tariff for all generation above the 75MW cap limit.
“Today’s vote by the Senate addresses the growing market for the sale of renewable energy generated by private citizens or business by increasing the amount of surplus energy they are able to sell to utility companies at retail prices,” said Senate Majority Leader Jeb Bradley (R- Wolfeboro).
“While this legislation increases the cap, it also serves to protect customers who are not taking advantage of residential solar which is subsidized through higher electric rates for other customers. By limiting the amount of energy that can be sold through net metering, and requesting the PUC to develop a rate for all net metering above that cap, we limit the cost shifted to other customers while allowing solar projects to continue to grow in New Hampshire,” added Bradley.
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