Net metering is a billing arrangement with your utility provider. It allows you to receive credit for the extra solar power you export to the grid. Last year, New Hampshire policymakers signed HB 1116 into law, doubling the state’s solar net metering cap.
The bill also required the state’s Public Utilities Commission (PUC) to launch an intensive, months-long proceeding to determine future net metering rates in New Hampshire. The current net metering rate for residential customers is the full retail value of each exported kilowatt hour.
The PUC proceeding is underway, and a decision is expected no later than June 2. As part of the process, a group of solar companies and environmental organizations comprising the Energy Future Coalition submitted a settlement proposal in March.
The goal of the settlement proposal is to achieve a compromise using a proven, data-driven approach. That approach enables lower energy costs for consumers and continued economic growth and job creation for the state, thus positioning New Hampshire as a clean energy leader.
The coalition’s proposal offers a path forward for the state to drive down energy costs for consumers and encourage energy independence. The proposal protects ratepayers and thousands of good jobs while also ensuring the continued growth of the renewable energy economy.
Because of the expected changes to our state’s net metering rate, customers taking part in the Energize 360 program are encouraged to move forward with contracts to lock in the current net metering rate through the year 2040, which is the full retail rate.