Wednesday, September 11th, 2013, the California’s Legislature approved SB 43 – it passed the Assembly and the Senate by a vote of 57-16 and 27-12, respectively. The bill now moves to Governor Brown, and it is expected that he will sign.
Wednesday, September 11th, 2013, the California’s Legislature approved Senate Bill 43. The bill passed the Assembly and the Senate by a vote of 57-16 and 27-12, respectively. The bill now moves to Governor Brown, and it is expected that he will sign.
Solar is booming in California, but unfortunately many residents and companies in the state still can’t go solar. Putting solar panels on the roof is just not an option for (most) renters, tenants of multi-unit buildings, property owners with shaded roofs, and many others.
According to californiasharedrenewables.org, 75% of the households and 70% of the businesses in California cannot participate in solar because they don’t own the property, they don’t have good enough credit, or their roof isn’t good for solar.
Lois Wolk, California State Senator, authored SB 43 with the purpose of changing that. Senate Bill 43 enables customers of the state’s three investor-owned utilities, SCE, PG&E, and SDG&E, to buy shares in renewable developments. These customers will pay the costs associated with their investment, and enjoy the financial benefits through lower electricity bills.
Senator Wolk commented: “SB 43 will allow the millions of Californians who cannot install their own solar unit, windmill, or other renewable power generation system to obtain renewable energy through their utility. The bill will create thousands of jobs and encourage more investment in an important sector of our state’s economy, while helping the state to meet its renewable energy goals.”
SB 43 allows investments in up to 600MW of renewable energy – enough to power approximately 100,000 homes. Of the 600MW, 100MW will be reserved for residential customers.
Rules will be set up by the California Public Utilities Commission (CPUC) to outline which clean energy projects qualify for the program, and how costs and benefits will be applied to the generation portion of participating customer bills.
Susannah Churchill, Policy Advocate at Vote Solar commented: “We think it’s a big deal and a game changer. S.B. 43 is going to allow a lot of those folks to access renewable energy for the first time.”
In California’s new solar program SB 43 nears the finish line! Churchill writes that SB 43 is good for two reasons. “1. It would result in new clean energy projects, sized 20 megawatts or less and 2. It would provide participants with tangible economic benefits in the form of bill savings over time. 1 + 2 = big things for California solar.”