Indiana Governor Passes Anti-Solar Bill: Death Blow To The Industry?
By Danielle Ola for PV Tech - The financial benefit currently available to solar users will be sharply curtailed over the next few years, after Indiana governor Eric Holcomb signed SEA 309 into law yesterday. Ignoring pleas of the industry, who beseeched Holcomb to keep the current financial incentives for residential solar, the Republican elected not to veto the bill. “I support solar as an important part of Indiana’s comprehensive energy mix. I understand the concerns some have expressed, but this legislation ensures those who currently have interests in small solar operations will not be affected for decades,” he said of his decision. The bill will now drastically reduce the rate of compensation for excess solar power over five years. It does allow anyone who installed a PV system after June but before 2022 to be grandfathered until 2032, but anyone after the 2022 cut-off point would only receive a lower financial rate for their power. By 2046, solar users are likely to receive little more than the wholesale rate for their power – a difference of around US$0.08/kWh – as well as a US$0.25 premium. Yesterday was the last day Holcomb could veto or sign the bill, which critics contend is part of a broader nationwide push by utilities to seize control of the emerging solar market.