16 Jun '17, 3pm

via @greentechmedia

"Sol-Up USA greatly appreciates solar compensation coming back to Las Vegas and Nevada, ending two years of dire straits for the solar industry and its employees,” said Frank Rieger, CEO of the Las Vegas-based solar installation company. “We’re glad that our legislation returned to the path of common sense so that Sol-Up USA can continue to provide the best products and services to its clients in the Las Vegas valley.” Under the new law, new solar customers will immediately begin to be reimbursed for the excess energy they generate at 95 percent of the retail electricity rate. The credit is scheduled to decline in 7 percent increments for every 80 megawatts of rooftop solar deployed, to a floor of 75 percent of the retail rate. The discounted compensation rates are designed to ensure that solar customers pay their fair share to use the power grid as solar penetration incre...

Full article: https://www.greentechmedia.com/articles/read/nevadas-new-...

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