3 gigawatts of solar by 2030
By Summit Voice
FRISCO — A grassroots Colorado coalition of government leaders, business and environmental organizations want to increase the production of solar power tenfold in the next 15 years, but the effort faces a major challenge, as Xcel Energy wants to cut the rate it pays to consumers who feed power into the grid.
Xcel has proposed cutting its net metering rate in half, and the company has also asked the Colorado Public Utilities Commission to declare net metering a subsidy.
Renewable energy advocates said the utility’s arguement is flawed: A comprehensive study done by Crossborder Energy found that far from being a subsidy, net metering contributes up to $11 million in benefits each year to the grid. The debate over net metering is currently before the PUC as part of Xcel’s 2014 Renewable Energy Standard Compliance Plan.
Net metering requires investor-owned utilities to credit customers who invest in solar panels for the excess electricity they supply the electrical grid at the retail rate. Net metering is fundamental to the viability of rooftop solar for both homes and businesses.
Regardless of the potential challenges, the coalition has called on Gov. Hickenlooper to to think big on solar with a goal of one million solar roofs. The Million Solar Roofs campaign is touting the economic benefits of solar energy, and it nearly goes without saying that the effort could significantly reduce greenhouse gas emissions in Colorado. Continue reading