A bill that would scale back reimbursements for Kentucky homeowners with solar panels is moving to the full House after it was approved Thursday by the House Natural Resources Committee, the Lexington Herald Leader reported.
State laws require electric utilities to give households with solar panels bill credits when they generate excess energy, a practice known as net metering. Currently, those credits are equal to the retail price of energy, but House Bill 227 would lower their value to the wholesale price of energy.
Residents already participating in net metering would see no changes for 25 years, but for future participants, the new rules would take effect in July.
Opponents of the bill say its passage would make installing and maintaining solar panels less affordable and slow down industry growth, while proponents say utilities aren’t being adequately compensated under the current payment structure.
Approximately 1,000 Kentucky households participate in the reimbursement program.