Is California multifamily housing ready for the new economics of solar?
Solar Power World
California utility regulators have a decision to make about the financing of solar projects, and so do multifamily housing property owners. Regulators are considering greatly reduced rates for utility customers who feed solar energy to the grid. A December 2021 proposed decision by the California Public Utilities Commission would erode long-term solar cost savings and the timeline for return on investment. The timeline for approving new rates, known as net energy metering (NEM) rates, is uncl…