At EDF, our eyes are fixed firmly on improving local air quality and reducing global warming caused by fossil-fuel based electricity. We have high hopes for the role that clean, renewable, and distributed energy solutions like rooftop solar can play in “decarbonizing” our energy system. To get there, the price must be right for residential solar to flourish. With recent price drops (e.g., the cost of solar panels has declined by around 75 percent since 2008) and innovative new financing tools, residential solar is booming. However, this exacerbates the need to find a balance between rewards for investors (a.k.a. home and building owners) and service cost recovery for electric utilities.
California and other states are considering substantial changes to how distributed energy resources are compensated, revisiting both the underlying tariff structures along with how PV customers are paid for generation. Thus, it is both timely and crucial to analyze how these impending changes may affect investment in solar photovoltaic (PV) energy and its long-term viability.
EDF’s new SolaROI study explores how Pacific Gas & Electric’s (PG&E) proposal for new electricity rates impacts the residential customer’s return on investment (ROI) from installing rooftop solar. Read More