In California, the state Public Utilities Commission's decision in late 2022 to cut the rate paid to homeowners with new solar panels for surplus power by about 75% has led to a plunge in demand for rooftop solar installations, with demand falling 80%. The new rate structure, which went into effect for solar applicants beginning in April, has been criticized by some lawmakers and advocates who argue that it undermines efforts to tackle the climate crisis and is counterproductive to the state's climate goals.
Without Subsidies, Solar Demand Falls 80%—So much for saving the planet. https://t.co/7gQPKQoVuD #ClimateChange #ElectricVehicles
Without Subsidies, Solar Demand Falls 80%—So much for saving the planet. https://t.co/7gQPKQoVuD
California is shooting itself in the foot by dramatically reducing support for rooftop solar, which is key to meeting our climate goals. We need to reverse this bad move by the California Public Utilities Commission. https://t.co/KG79mDSjwN
Protectionism doing its thing: "An overload of solar panels cut prices in half last year — but not in the US" https://t.co/WfHcaVojrV
California cut payments for rooftop solar. Now demand is plunging. https://t.co/oKIeKs3eld
Fossil fuel subsidies are not helping create jobs. They are wasting billions of taxpayer dollars and undermining efforts to tackle the climate crisis. Repeal them.
An overload of solar panels cut prices in half last year — but not in the US https://t.co/0OtAGh7PdQ
$SEDG $FSLR California: The state Public Utilities Commission in late 2022 slashed by about 75% the rate that utilities pay homeowners with new solar panels when they sell surplus power to the grid. The rate structure went into effect for solar applicants beginning last April.