By Tim Tyler
Individual customers who own solar generating assets will be able to offset a portion of their electricity bills by receiving a pro-rata share of what they have sold back to the grid. This will also be available to renters and other customers who are as yet unable to install their own solar systems, for one reason or another.
The new bill could open the solar energy market for Georgia. It will help clear some of the roadblocks like interconnection and grid access for generating assets, and it should also drive down the soft costs associated with construction and installation by creating market incentives from competitive bidding. Both homes with solar and solar farms will be covered under the statue.
Greentech Media quoted the CEO of Georgia Solar Utilities as saying:
“The world has changed for the economics of solar in Georgia, but we’re stuck with 40-year-old laws that block us from taking advantage of it,” said Robert Green, CEO of Georgia Solar Utilities.
“So we’re offering a conservative, no-brainer proposition: let a private company bear all the downside risk for investing in solar with no upward pressure on utility rates, and let ratepayers reap the upside of future cost savings as solar prices fall.”
Any remaining money is reimbursed to solar subscribers as a rate-reduction dividend.