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independent of energy use) for net metering customers and implements a tiered de-escalation of the ‘credit’ these customers receive for their excess generation.
Solar City currently holds Nevada’s largest market share for residential solar.
Now that the solar energy industry is no longer peering anxiously into the abyss of a world without the ITC, we can start thinking about the type of ancillary effects this extension might have.
One possible impact is to accelerate the end of net metering such as we’re seeing in Nevada right now, care of NV Energy and the Nevada Public Utilities Commission.
For other eligible technologies, the credit will once again expire at the end of 2016.
The same legislation saved the Energy Investment Tax Credit (ITC), and the solar energy industry, from certain doom.