Indiana's Energy Companies Continue to Encourage Self-Generation

3
February

Indiana's Energy Companies Continue to Encourage Self-Generation

  For twelve years now Indiana’s energy companies have helped build and encourage the expansion of the self-generation of energy for its customers. Since 2005, “net metering” laws have been on the books in Indiana that require Indiana energy companies to pay more than market value for energy that self-generating customers send back to them.
 
  Installing self-generation units like solar panels on your home hasn’t been viable until recently because of the high costs of installation. However, solar panel installation has become more affordable over the last ten years. Net metering policies were originally put in place to incentivize customers to pay for expensive panels, but won’t be needed long-term.
 
  Indiana’s energy companies are proposing to extend current net metering policies for another ten years to further promote private self-generation, while putting in place a framework for future self-generation viability. Senate Bill 309 makes certain that after the next ten years, self-generating customers will continue to be compensated for the energy they send back to the utility.
 
  Indiana should help usher in expanded self-generation of energy by passing Senate Bill 309 and:
 

  • Continuing to provide the current, favorable pricing for self-generating customers who send their excess energy back to their energy company for the next decade
  • Offering a sensible transition for paying market price for the energy self-generating customers send back to their energy company into the future