A Balanced Approach to Private Renewable Viability


A Balanced Approach to Private Renewable Viability

Senate Bill 309 Establishes Needed Viability for Rewnewables

  Remember when you thought of solar panels as only being relevant in the west? Fast forward to today where you can drive up and down the streets in your neighborhood and you might see solar panels on your neighbor’s home.
  In years past, solar panels were just too expensive for many of us to afford. Government entities had to offer incentives to customers to encourage them to invest in solar and other forms of renewable energy. Today, self-generation units like solar are becoming more affordable, but aren’t fully viable yet.
  States all around the country are looking for ways to continue to incentivize customers to invest in renewables, but provide a balanced approach for generations to come that will look to solar panels as a way to power their lives. Indiana should do the same.

  Currently, if you have solar panels installed on your home and sell the excess energy you generate back to your energy provider over the grid, you would be reimbursed the full retail price for that energy. This practice is called net metering. Indiana offered net metering pricing to customers back when solar panels were just too expensive to put on their homes.

  Times have changed and solar units are much more affordable for the average customer to install, making incentives like net metering pricing unnecessary long-term. Indiana should allow for continued net metering pricing over the next decade while transitioning to paying customers who sell energy back to their energy supplier based on what the open market would command.

  Changing net metering policies over the next decade with this approach would allow time for private renewable generation to become fully viable while moving to a more balanced approach for the future. Senate Bill 309, being considered by the Indiana General Assembly would accomplish this and should be passed into law.