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There has been a lot of talk and effort to increase CA net metering to give more credit to homeowners that have the systems installed and who are producing excess power. The State Assembly overwhelmingly passed the bill last Thursday, which was sponsored by Assemblywoman Nancy Skinner, and has also Passed in the Senate. All that remains is for Gov. Arnold Schwarzenegger to sign the bill, and he is expected to do so next week.
Under this new improved Net Metering program, utilities would extend credit to consumers that provide electricity to the stats grid. Previously the cap for this was a very low 2.5%, which hindered the appeal of solar installations as the amount that it worth to utilities was quite low. Under the new bill, the cap would be doubled to 5%, which will help accelerate the growth of solar even more, and make it an ever more appealing prospect for those still on the fence about residential solar systems.
This bill is yet another major victory for solar power and a big help for CA to go solar!
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