Bill > H2896

This bill aims to reduce the cost of solar power for consumers by introducing competitive bidding for larger solar projects and modifying net metering rules. Specifically, it directs the Department of Energy Resources to allow electric distribution companies to create competitive procurement programs for solar projects 500 kilowatts (kW) or larger, which would be a condition for receiving solar renewable energy certificates (SRECs), a type of credit representing solar energy generation. These programs will involve long-term payments to developers to support financing and require approval from the Department of Public Utilities (DPU), which will also oversee cost recovery for these programs, spreading them equitably among all customers. The bill also redefines "net metering facilities," which allow customers to receive credit for excess electricity sent back to the grid, by setting new size limits and operational requirements for different classes of facilities (Class I, II, and III) that begin operation after July 1, 2015, with some exceptions for municipal and governmental entities. It also clarifies terms like "matched load size limit" (ensuring behind-the-meter generation doesn't exceed a customer's usage) and "remote generation facility" (a facility not located at the customer's site). Furthermore, the DPU is mandated to establish minimum distribution bill charges for net metering customers to ensure they contribute to the cost of maintaining the electricity grid, though existing facilities may be exempted until 2020.