CARSON CITY, Nevada — The NV Energy has filed an application with the Nevada Public Utilities Commission to abide with a new state law aimed at motivating homeowners to invest in rooftop grid solar technology and engage in net metering.
The new state law intends to reverse lower rates paid to net metering customers for the excess electricity they generate. Those lower rates had already took effect last year, suppressing the rooftop solar industry’s growth in the state of Nevada.
The filing, released on Monday, July 31, was submitted to the commission on Friday, July 26.
NV Energy is a public utility which generates, transmits and distributes electric service in northern and southern Nevada, including the Las Vegas Valley, and provides natural gas service in the Reno–Sparks metropolitan area of northern Nevada
The renewable solar energy industry has praised the measure signed into law by Governor Brian Sandoval this 2017, claiming it will bring jobs and boost the Nevada’s economy.
In net metering, meanwhile, people with rooftop solar panel systems will be receiving a credit for excess energy they return to the grid. The net metering changes will provide homeowners who invest in rooftop solar grip a credit of 95 percent of the retail rate, or what the customer would have been charged by the utility for each kilowatt per hour of excess electricity they generated by the rooftop system.
The 95 percent credit rate for the first tier of new rooftop solar customers would drop in future phases as the amount of electricity produced by rooftop systems hit benchmarks of 80 megawatts.
The filing also includes a new uniform structure of utility rates and fees for customers, either a rooftop solar users or not. The structure isn’t anticipated to increase customers’ overall electrical bills.
The Nevada Public Utilities Commission should approve the measure; the agency spokesman Peter Kostes called it a “top priority.” A preliminary meeting to be talked over about the measure and is expected in mid-August.
The filing covers both of Nevada Energy’s utility companies, Nevada Power Corporation, which serves Southern Nevada; and Sierra Pacific Power Co., which serves Reno and much of rural area of Nevada.