Economics
New York Utilities, Solar Companies Offer Alternate Payment Plan
- SolarCity, SunEdison, SunPower back utility plan for solar
- Developers would pay grid fee, get assurance they can connect
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SolarCity Corp. and two other solar developers joined some of New York’s largest utilities in a proposal to phase out a state program that lets owners of rooftop power systems sell electricity back to local utilities at retail prices.
Under the proposal to state regulators, solar companies would pay utilities a fee for some installations in exchange for greater certainty that they can connect the systems to the grid, the Solar Progress Partnership said today in a statement issued by Consolidated Edison Inc., owner of New York City’s electric utility.