The Office of Regulatory Staff (ORS) filed a comprehensive agreement with the Public Service Commission of South Carolina (PSCSC) for a plan for solar net metering in the state.
Net metering credits commercial and residential customers for the extra electricity they generate with solar power and put back into the grid. Utility companies such as Duke Energy have agreed to pay the retail rate to net metering customers through 2025.
“Our customers will participate in the growth of solar through the various incentives described in the settlement,” Clark Gillespy, president of Duke Energy South Carolina, said in a release. “We believe this is a positive step for South Carolina – and the future of solar energy in our state.”
Gillespy said the settlement proposes a methodology to calculate the value of solar generation, based on its known and quantifiable benefits and costs, and provides for direct incentives for distributed energy resources.
In 2020, the parties involved in the agreement will look again at the price paid to customers. Any adjustment made to the amount will apply to new customers who start net metering after Jan. 1, 2020.
Customers who elect to net meter before Dec. 31, 2015, will be paid the adjusted rates after 2025.
“This agreement allows existing and future net metering customers to have rate treatment certainty for up to 10 years. It also enables utilities to recover the cost of providing service to all customers while maintaining 24-hour service to solar and non-solar customers,” Gillespy said.