As reported by Vote Solar last week, there’s exciting news on the New York solar front: the New York Public Service Commission just approved a decision to triple the state’s net metering cap. Click here for more details and the decision.
New York has given a nod to net metering and its importance as a cornerstone solar policy. As explained by Vote Solar:
“Net metering empowers New Yorkers to use rooftop solar and other small-scale renewables to meet their own electricity needs. Like rollover minutes on a cell phone bill, net metering gives renewable energy customers fair credit on their utility bills for power they put back on the grid for others to use.”
Net metering is a successful policy in 43 states, and the decision in New York comes at a time when monopoly utilities are trying to eliminate net metering in order to stop the growth of rooftop solar. As people use more rooftop solar, they buy less electricity from utilities. By opposing net metering, utilities are trying to stifle competition to protect their profits.
Last week’s ruling in NY raises the cap on net metering participation from 1% of system peak load to 3%. In other words, net metering rules now accommodate three times more clean, local, reliable solar power produced by New Yorkers. The NY Public Service Commission is sending a message that net metering is smart policy and should continue.
This net metering decision clears the road for solar adoption, and an important next step is for lawmakers to approve a 10-year extension of the NY-Sun program. Vote Solar refers to this extension as “an engine for growth,” and it will help ensure continued solar growth, economic growth, and job creation in New York.