California’s rooftop solar policy is killing its rooftop solar industry

It’s been six months since California regulators slashed the value of home rooftop solar systems — and the market crash that the state’s solar industry warned would result is now well underway.

On Thursday, the California Solar and Storage Association unveiled data showing a 77 to 85 percent drop in rooftop solar projects since April. That’s when the California Public Utilities Commission’s controversial ​“net metering 3.0” decision, which cuts about one-third to one-half of the compensation value of newly installed solar systems for households compared to what they could have received under the state’s prior net-metering regime, went into effect.

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Source: Canary Media

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