California risks losing billions in federal community solar incentives
California faces a time-sensitive opportunity to tap into federal incentives worth billions for implementing its Community Renewable Energy Bill (AB 2316), designed to bring the benefits of community solar and storage to over a million residents, including low-to-moderate income households. Despite leading in solar adoption, California trails in the community solar sector, making AB 2316 a vital move to expand renewable energy capacity and reduce utility bills.
AB 2316's successful execution hinges on the design and implementation of programs like the Net Value Billing Tariff (NVBT), supported by the Coalition for Community Solar Access. NVBT guarantees bill credits for low-income subscribers, simplifies billing, removes credit score barriers, and requires energy storage for grid reliability. Swift CPUC approval of NVBT is crucial to accessing extra incentives under the Inflation Reduction Act before they expire, driving rapid community solar project development.
By embracing NVBT, California could lead in community solar, accelerate renewable energy capacity, and save billions in transmission costs, benefiting both consumers and utilities. As the clock ticks, CPUC's approval can unlock significant benefits and elevate California's solar landscape.
To read more, click here.
|