Bill > S2058

This bill modifies existing laws related to solar net metering, which is a system that allows individuals and entities generating solar electricity to receive credit for excess energy sent back to the grid. A key provision introduces a new definition for "Market net metering credit," which will be the standard credit for most solar facilities, though certain entities like municipalities, low-income customers, landfills, and brownfields will receive a higher credit based on a combination of distribution, transmission, and transition charges. The bill also establishes that once 1,600 megawatts of direct current solar generation capacity is qualified, new solar net metering facilities will generate these market net metering credits, with existing facilities continuing under current rules for 30 years before transitioning. Furthermore, the Department of Energy Resources is tasked with developing regulations for a sustainable long-term framework for clean energy promotion and cost management, including a statewide solar incentive program designed to encourage solar development across various customer types while considering market costs, incentives, and environmental benefits, with any resulting tariffs requiring approval from the Department of Public Utilities.