Net metering allows for customers with on-site solar installations to use the renewable energy which they produce in their home, and then receive full retail price for any surplus energy sold to the grid. Utilities turn around and sell this electricity to neighboring homes and businesses. Vermont’s net metering expansion essentially quadruples the pre-existing cap, acknowledging the importance of net metering and the benefits it provides to all ratepayers.
Vermont has always had a strong green reputation, but this win puts the state even more in the spotlight. Vermont’s largest utility supported the net metering cap expansion bill, H. 702. Green Mountain Power’s CEO, Mary Powell, affirmed in a recent news article that net metered solar benefits everyone:
“I think having a cap is a huge problem. There should be no cap,” Powell said. “We should figure out how to adapt to this new future that is here and is what our customers want.”
“Vermont’s decision sends the clear message that rooftop solar delivers benefits to utilities, the grid, and all ratepayers,” said Bryan Miller President of TASC and VP of Public Policy for Sunrun. “We commend the Vermont Legislature for its leadership in expanding access to net metering.”
The win in Vermont is the third in 2014 and the 9th consecutive win for solar energy since January 2013.