New Hampshire Net Metering Cap Increase Imminent
Exeter, NH (April 11, 2016) – Solar policy in New Hampshire is now on a more secure foundation. The New Hampshire Senate has passed HB 1116, legislation which increases the statewide net metering cap from 50 to 100 megawatts. Regulators have also been directed to open a proceeding to develop an alternative rate structure for net metering.
The bill is now on its way to Gov. Maggie Hassan for her signature, and she has already made her support clear. “Solar is one of many clean energy resources in New Hampshire that contributes to a diverse and reliable energy supply, and businesses and families across the state are utilizing solar to lower their energy bills and to increase their energy independence. The success of New Hampshire’s clean energy economy is creating good-paying, high-quality jobs, spurring economic development and helping combat climate change, and New Hampshire recently ranked as one of the top-five renewable energy states.” More than 70 solar companies work throughout the value chain in New Hampshire, which translates into more than 900 jobs statewide.
Until the bill is signed into law, ReVision Energy is accepting new solar contracts and placing those projects on utility wait lists for prompt installation, once the Governor signs HB 1116 into law. A rush on demand is expected, and interested customers should contact ReVision Energy as soon as possible. Existing net metering customers are grandfathered in the policy at a one-to-one retail rate through 2040. More than a dozen studies of the value of solar electricity have found that power exported to the grid is worth more than the retail cost of the electricity.
ABOUT REVISION ENERGY
ReVision Energy is northern New England’s local solar professional, with more than 5,000 installations since 2003. ReVision designs, installs and services commercial and residential systems and offers financing. The company is a certified B Corporation, using business as a force for good. ReVision has four locations throughout New Hampshire and Maine. Find us online at: revisionenergy.com. Visit: solarfornh.org to stay informed about New Hampshire solar policy developments.
