Proposed California rule would cut its solar market in half by 2024, says Wood Mackenzie [CNBC]
Pacific Gas & Electric Co. (PCG)
Last pacific gas & electric co. earnings: 5/1 08:21 am
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Source: CNBC
California regulators are considering cutting payments granted to solar customers for the excess power they generate. The new policy would also add monthly fees. This would increase the payback period for solar systems, or how long it takes for the system to pay for itself. California regulators are reviewing proposed changes to solar incentive programs that would cut the state's solar market in half by 2024, according to a new report from energy research firm Wood Mackenzie. The California Public Utilities Commission's proposed decision , released on Dec. 13, would reduce payments granted to solar customers for the excess power they generate, which is known as net-energy metering. The proposal would also add monthly hook-up charges for customers. This would increase the payback period for solar systems, or how long it takes for the system to pay for itself. This metric is a key consideration for those deciding whether to switch to rooftop solar. Under the proposed changes, t
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PCG
Earnings
- 4/25/24 - Beat
PCG
Sec Filings
- 5/7/24 - Form 4
- 5/1/24 - Form 4
- 4/30/24 - Form 144
- PCG's page on the SEC website