Governor Schwarzenegger plans to veto a state requirement to obtain 33% of electricity from renewable sources and the state failed to pass a bill to expand net metering.
Governor Schwarzenegger thinks the bill will make solar installations more difficult. He also put the burden on the California Air Resources Board (CARD) to produce 33% of the state's electricity through renewable resources. CARD needs to make this happen with no additional resources.
The State failed to pass the bill AB 560. This would increase the implementation of net metering. Net metering allows homeowners who produce more electricity then they consume to sell the excess electricity. This program helps make photovoltaic an economically feasible investment.
AB 560 would double the capacity of net metering. Current capacity will cap in 2010. Without this bill, homeowners who install solar after program capacity is met will not be able to sell excess electricity.
Click here to find out how much you will save with net metering.
