Solar Garden Net Metering Credits Stabilization

Current law requires an electric retail utility (utility) to offer a net metering credit as the means of purchasing output from a community solar garden (CSG) located within the utility's service territory and establishes the means of calculating the net metering credit. The bill maintains that calculation if the CSG indicates to the utility that the CSG's subscribers' bill credits change annually. However, if the CSG indicates to the utility that the CSG's subscribers' bill credits remain fixed, the bill provides a different calculation for determining the net metering credit.
(Note: This summary applies to the reengrossed version of this bill as introduced in the second house.)